Overseas Investments or outward foreign direct investments by the Indian firms in the month of June fell by 3.2% to $1.86 billion from $1.92 billion in the same month last fiscal. According to the RBI data, the overseas investments in the month of May 2016 had stood at $2.69 billion.
The total outward foreign direct investment of $1.86 billion was in the form of equity, loan and issue of guarantee. Of the total investment equity, loan and issue of guarantee stood at $610.87 million, $246.51 million and $1003.16 million respectively in the month of June 2016, as compared to $485.07 million, $246.01 million and $1190.97 million respectively during June 2015.
The major investors overseas during the month included Tata Communications $483 million in a fully-owned subsidiary in Mauritius and Strides Acrolab which committed $130.16 million in the wholly-owned subsidiary in Singapore. Tata Communications also invested $67 million in two separate wholly-owned units in Singapore.