Fund mobilisation News

Mutual fund managers pumped in nearly Rs 43,000 crore into the debt market since the beginning of June, taking the total to around Rs 76,000 crore so far in the current fiscal.

Fund-raising by issuance of shares to promoters and shareholders by companies on a preferential basis has hit the highest level in three years at Rs 10,485 crore in April.

India Inc raised a staggering Rs 11,500 crore through rights issue offering since the beginning of 2015, making it the highest fund mobilisation through the route in seven years.

Fund mobilisation by listed firms through preferential allotments of shares surged four-fold to Rs 2,538 crore during January over the preceding month.

Driven by higher fund mobilisation by PFC and REC, capital raised by Indian companies through corporate bonds on private placement basis surged by 40 percent to Rs 2.67 lakh crore in the first nine months of the current fiscal.

A total of Rs 51,422 crore was raised by private sector companies from debt on a private placement basis during April-September period of 2013-14, according to latest report by Prime Database.

Fund mobilisation by Indian firms through private placement of corporate debt securities or bonds plunged by 34 per cent to just over Rs 38,000 crore in October.

The amount is also over three times more than funds raised in the same period year-ago.