Indian companies raise Rs2,39,000 crore via private placement of debt in Jan-Aug 2012
17 Sep 2012
Companies in India raised over Rs2,39,000 crore through private placement of debt or bonds in the first eight months of the year 2012, according to data provided by the Securities Exchange Board of India (SEBI).
Against this, Indian companies mopped up Rs2,53,000 crore through private placement of debt for the whole of 2011, data showed.
This is a 59-per cent jump from the Rs1,50,000 crore raised in the year-ago period (April-August 2011), SEBI data showed.
A total of 1,513 companies were in the market to tap funds through private placement of debt securities or bonds so far in 2012. Against this, 1,033 companies were in the market in 2011, according to SEBI.
The funds raised during the period under review was mobilised by a total of 1,513 institutions and corporates compared to 1,033 in the year-ago period.
Some of the major private placement of debt issues in the April-June quarter included Rs8,398 crore raised by PFC, Rs4,790-core raised by HDFC, Rs4,500 crore raised by Hindalco and the Rs4,379 crore debt issue by NABARD.
SEBI, however, did not disclose the segment-wise fund raising details.