Here’s the other side
The case of the appreciating rupee is as strong as the concerns expressed by the exporters & companies which derive a major part of their revenues from overseas. However, in this whole bunch of 
distressed customers, is a lot which seems to be rejoicing. Well, those are the firms that relied much on dollar borrowings, as interest expenditure on such dollar borrowings in rupee terms has reduced; hence the servicing of overseas debt has become cheaper to a large extent.
Companies like HDFC, Bharti-Airtel, Lafarge, Jindal Steel & Power & Jaiprakash Associates have significant overseas borrowings. Even in pharma – where companies like Ranbaxy, Sun Pharma, Lupin & Jubilant Organosys have collectively raised almost $1.1 billion by way of ECB/ FCCBs – the gains are huge.
distressed customers, is a lot which seems to be rejoicing. Well, those are the firms that relied much on dollar borrowings, as interest expenditure on such dollar borrowings in rupee terms has reduced; hence the servicing of overseas debt has become cheaper to a large extent.Companies like HDFC, Bharti-Airtel, Lafarge, Jindal Steel & Power & Jaiprakash Associates have significant overseas borrowings. Even in pharma – where companies like Ranbaxy, Sun Pharma, Lupin & Jubilant Organosys have collectively raised almost $1.1 billion by way of ECB/ FCCBs – the gains are huge.
For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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