News: Indian companies tap global market

(IANS 28/04/2007) New Delhi - Indian companies mobilised $9.2 billion from the global market during 2006-07 (April-December) through External Commercial Borrowings (ECBs) and $1.9 billion through American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), the Lok Sabha was informed Friday.

In 2003-04, the companies had mobilised through ECBs $2.9 billion and $459 million through ADRs and GDRs, Minister of State for Finance P.K. Bansal said.

The earnings in 2004-05 through ECBs was $5.4 billion and ADRs/GDRs was $613 million while in 2005-06 it was $2.9 billion through ECBs and $2.5 billion through ADRs and GDRs, he added.