By: firstpost.investing
Source: http://www.firstpost.com
Category:Investment in India
Overseas investment by Indian companies stood at $2.01 billion in February with Reliance Industries and Tata group holding company Tata Sons emerging as major investors.
In February, a total of 401 overseas investment transactions were done by Indian entities.
The foreign direct investment (FDI) was at $97 million in January, according to the Reserve Bank of India data released on Tuesday.
In February, a total of 401 overseas investment transactions were done by Indian entities. AFP
Thus, the outward investment in the last 11 months of the current fiscal stood at $8.86 billion compared to $16.84 billion in April-February period of the previous fiscal.
Among large outbound investment, Reliance Industries, involved in manufacturing, committed $1 billion to its subsidiary Reliance Oil & Gas Mauritius during the month.
Cox & Kings India , which is into travel and tourism sector, invested $147.2 million through its various joint-ventures and wholly owned subsidiaries across the UK, Japan, Singapore and United Arab Emirates, it said.
Tata Sons, through its wholly owned subsidiary invested $113.91 million in the UK during the month, it added.
Source: http://www.firstpost.com/investing/ril-tata-sons-lead-india-incs-2bn-foreign-investment-237108.html
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