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Indian Cos to raise over $1B through public issues
By agencies
|
Thursday, 17 March 2005, 20:30 IST
MUMBAI: This year can be called the year of IPOs. After the stock market boom, the next two months will see hectic activity in the stock markets with various public issues expected to raise 
4,000 crore ($1billion).
Many companies in diverse sectors like construction, software, textiles, theaters, banking and finance are set to tap the capital market for funds to expand and none of them fall in the category of disinvestments by the government or existing promoters.
Market watchers say it is after a long time that such hectic activity is being seen in the primary market. The last time such a activity was witnessed was last year in January when the Government offloaded its shares in many public sector undertakings.
4,000 crore ($1billion).
Many companies in diverse sectors like construction, software, textiles, theaters, banking and finance are set to tap the capital market for funds to expand and none of them fall in the category of disinvestments by the government or existing promoters.
Market watchers say it is after a long time that such hectic activity is being seen in the primary market. The last time such a activity was witnessed was last year in January when the Government offloaded its shares in many public sector undertakings.