Overseas investment by Indian companies stood at $ 2.01 billion in February with Reliance Industries and Tata group holding company Tata Sons emerging as major investors.
In February, a total of 401 overseas investment transactions were done by Indian entities.
The foreign direct investment (FDI) was at $ 797 million in January, according to the Reserve Bank of India data released on Tuesday.
Thus, the outward investment in the last 11 months of the current fiscal stood at $ 8.86 billion compared to $ 16.84 billion in April—February period of the previous fiscal.
Among large outbound investment, Reliance Industries, involved in manufacturing, committed $ 1 billion to its subsidiary Reliance Oil & Gas Mauritius during the month.
Cox & Kings India, which is into travel and tourism sector, invested $ 147.2 million through its various joint ventures and wholly owned subsidiaries across the UK, Japan, Singapore and United Arab Emirates, it said.
Tata Sons, through its wholly owned subsidiary invested $ 113.91 million in the UK during the month, it added.