Indian companies raised $2.92 billion through overseas loans in April, with NBFCs leading the way, securing $1.53 billion for on-lending and sub-lending. Shriram Finance topped the list with $955 million in external commercial borrowings. ECB has become a cheaper funding option for NBFCs, diversifying their funding mix amid reduced bank lending due to risk weights.
Concurrent Gainers: 8 smallcap stocks that gain for 5 days in a row
Over the five trading sessions ending December 12, the Sensex closed lower, declining 0.52%, or 445 points, to settle at 85,268. The benchmark finished in