Foreign investment banks are driving India's burst of international takeover bids. The country offered low values on U.S. dollar loans to local businesses that are looking to expand their operations outside of their native country.

The recent outpouring of financing offers came from different investment banks such as Standard Chartered, Deutsche Bank and Citigroup. This stream was highly unexpected due to recent exits of European investors during India's economic downward trend.

The funding enabled Apollo Tyres Ltd to close its bid for Cooper Tire and Rubber Co., a New York listed company thrice the size of Apollo. The bid amounted to $2.5 billion.

Companies from India are now bidding for a combined estimate of at least $10 billion worth of deals. If the deals push through, the country's merger and acquisition volumes this year will skyrocket to $13 billion, a figure that in only matched by 2010's record. Data gathered are sourced from Thomson Reuters.