India Inc raises Rs 1.4-lakh crore via equities in CY17
newsdepo.com
Fund raising through the equity route hit an all-time high, touching Rs 1.4-lakh crore mark during the current calendar year 2017 (CY17). In all, companies raised a record Rs 140,073 crore in the 10-and-half months of CY17 (January - November 14, 2017) througIndia Inc raises Rs 1.4-lakh crore via equities in CY17
Fund raising through the equity route hit an all-time high, touching Rs 1.4-lakh crore mark during the current calendar year 2017 (CY17). In all, companies raised a record Rs 140,073 crore in the 10-and-half months of CY17 (January - November 14, 2017) through various equity instruments. This includes initial public offers (IPO), follow-on offers (FPO), offer for sale (OFS), rights issues, institutional placement programme (IPP) including qualified institutional placements (QIP).The amount is more than double as compared to the entire previous calendar year 2016 (CY16), when companies raised Rs 46,733 crore. Earlier in CY10, they had raised Rs 104,462 crore (Rs 1.04-lakh crore) via equities, the data from PRIME Database show.Analysts attribute this to the buoyant secondary market that has seen the benchmark indices - the S&P BSE Sensex and the Nifty 50 - rally nearly 25% thus far in CY17."Promoters are making use of the bull run in the secondary market to raise funds. Valuations .. Read more