<p>Overseas investment by Indian companies declined sharply to $1.94 billion in August, amid the Reserve Bank tightening norms for outbound investments by the domestic firms to contain rupee slide.<br /><br /></p>.<p>A month ago in July, the Indian firms had invested $3.24 billion in their various entities overseas.<br /><br />Of the total investment made abroad in August, $1.41 billion was through guarantee issued, $381.37 million via loans and investment of $144.71 million was made through equity.<br /><br />The RBI in mid-August took sharp measures in a bid to save rupee from a free-fall and put curbs on Indian firms investing abroad besides reducing outward remittances.<br />Bharti Airtel, Tata Power Company, Financial Technologies, Essar Constructions Overseas and Reliance Industries were among the major investors that invested in their overseas units during the month.<br /><br />Bharti Airtel invested $186 million in two separte tranches in its joint-venture and wholly owned subsidiaries in the Netherlands and Singapore respectively.<br /><br />Tata Power Company invested $107.3 million in two separate tranches in its wholly-owned units in Mauritius and Singapore.</p>
<p>Overseas investment by Indian companies declined sharply to $1.94 billion in August, amid the Reserve Bank tightening norms for outbound investments by the domestic firms to contain rupee slide.<br /><br /></p>.<p>A month ago in July, the Indian firms had invested $3.24 billion in their various entities overseas.<br /><br />Of the total investment made abroad in August, $1.41 billion was through guarantee issued, $381.37 million via loans and investment of $144.71 million was made through equity.<br /><br />The RBI in mid-August took sharp measures in a bid to save rupee from a free-fall and put curbs on Indian firms investing abroad besides reducing outward remittances.<br />Bharti Airtel, Tata Power Company, Financial Technologies, Essar Constructions Overseas and Reliance Industries were among the major investors that invested in their overseas units during the month.<br /><br />Bharti Airtel invested $186 million in two separte tranches in its joint-venture and wholly owned subsidiaries in the Netherlands and Singapore respectively.<br /><br />Tata Power Company invested $107.3 million in two separate tranches in its wholly-owned units in Mauritius and Singapore.</p>