Companies raise 2.4 times more money on BSE in - 04-05

By agencies   |   Wednesday, 17 August 2005, 19:30 IST
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MUMBAI: Bombay Stock Exchange has seen a significant amount of capital formation as many corporates have raised fresh funds through different routes like IPOs, secondary offers, preferential allotments and rights issues during the current bull run. As per the BSE?s financial statement for ?04-05, funds worth $1.5 billion were raised on the exchange during the year ? 2.4 times higher than last year. The figures included both equity and debt issues. The fresh capital was contributed partly by the 45 new issues listed on the BSE during the year. Besides this, 275 preferential issues added substantially to the listed capital. The financial statement of Asia?s oldest stock exchange indicated an improved performance. A significant part of the income came from transaction charges and income from investments & deposits. Income from transaction fees fell to Rs 361 million from Rs 369 million. Income from investments and deposits fell to Rs 534 million from Rs 566 million, which BSE said, was due to lower returns on units of mutual funds and a fall in bank fixed deposit rates. Income from listing fees rose to Rs 118 million from Rs 100 million. The number of companies listed on the BSE fell to 4,731 from 5,528. While a few companies were delisted for reasons like voluntary/procedural delisting, mergers and amalgamations and buyback of shares, 792 were not available for trading for their failure to comply with listing agreement.