Wednesday, January 09, 2008

India’s greater ‘Reliance’ on loans

India Inc. has raised over $8 billion through syndicated loans by way of 33 deals in the first half of 2007, the leader being Reliance Industries. Reliance Industries LimitedRIL alone mopped up a massive $2.7 billion. Syndicated loans volume of India Inc. was at $8.3 billion for the first half of this calendar year, which showcases a steady growth path over the previous year’s figure of $8.1 billion through 41 deals. Others, which followed the behemoth are, Tata Group raising $400 million, British mobile giant Vodafone and largest lender State Bank of India (SBI), both gathering $300 million each while HDFC (not too far behind) gathered $285 million through syndicated loans.

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Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative


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