India Inc Raises Record 85,000 Crore Via Debt Placement In April

Friday, 29 May 2015, 11:07 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

NEW DELHI: India Inc raised a record Rs 85,000 crore through private placement of corporate debt securities or bonds in April to fund business expansion plans and to support working capital requirements.

In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.

According to the data available with Securities and Exchange Board of India ( Sebi), companies garnered a total of Rs 84,807 crore from debt on a private placement basis in April 2015, much higher than Rs 23,575 crore raised in the year-ago period.
Top 10 Smartphone OEMs In The World, 9 Of Them Are From Asia
Black Money List: Yash Birla Among Seven Indian Names Made Public For Swiss Bank Accounts

Source: PTI
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..