ALSO READGrain-based ethanol units go abegging
Equity surges, while loans and guarantees drop
Loan-based FDI fell to $952.3 million in September, compared to $1.21 billion in the same month last year, though it remained above August’s $551.2 million. Meanwhile, guarantees extended to overseas subsidiaries dropped sharply to $892.4 million, down from $2.76 billion a year ago and $1.04 billion in August.
ALSO READ6G push aims to add $1.2 trn to GDP by 2035: Jyotiraditya Scindia
Major outbound deals in September
Among the key outbound investments in September, Prime Focus committed $348.71 million in equity to its joint venture DNEG in Luxembourg, Intas Pharmaceuticals extended $213.03 million in loans to its wholly owned subsidiary Accord Plasma B.V. in the Netherlands andZydus Wellnessprovided $355.76 million in guarantees for its UK subsidiary, while Zydus Medtech committed $253.33 million to its French unit.