Indian companies invested 15 per cent less in foreign ventures in May

MUMBAI: Direct investments by Indian companies in foreign ventures fell 15.2 per cent to $1.51 billion in May 2015 from $1.78 billion in the same month last year.

The investments in April 2015, which came in at $2.23 billion, were a mix of issuance of guarantees ($1.06 billion), loan ($235.13 million) and equity ($219.56 million), RBI data showed today.

Among major Indian companies that invested abroad are Firstsource Solutions ($176.75 million), Wipro ($138.67 million) and Godrej Consumer Products ($132.89 million).

The corresponding figure for Piramal Enterprises stood at $54.85 million, while for Sterling and Wilson Pvt and Cairn India, it was $49.62 million and $41.7 million, respectively.