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Mumbai, July 10

Export Import Bank of India has received five proposals from Indian companies looking for overseas acquisitions in the current fiscal. In 2007-08, there were more than 40 proposals of acquisitions by companies. This declined to 16 in 2008-09. The situation is now getting better with improving liquidity and falling asset prices, said Mr T. C. Venkat Subramanian, Chairman and Managing Director, Exim Bank. He was speaking on the sidelines of an EXIM bank award function.

— Our Bureau

More Stories on : Financial Institutions | Overseas Investments | Mergers & Acquisitions

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