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| Cos raise Rs 1.18 lakh cr via corp bonds in Apr-Dec |
| Press Trust of India / New Delhi Mar 04, 2010, 22:13 IST |
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India Inc has raised over Rs 1.18 lakh crore through corporate bonds on private placement basis in the first nine months of this fiscal, pulled down by lessening mobilisations by financial institutions and banks, a latest report says.
The funds raised have decreased 6 per cent to Rs 1,18,947 crore in the April-December period, from Rs 1,27,285 crore in the same period previous fiscal, as per data compiled by capital market data provider Prime Database.
FIs and banks' fund raising through private placement of corporate debt dropped 4 per cent to Rs 68,501 crore in the nine months period, from Rs 71,479 crore a year-ago, Prime Database Managing Director Prithvi Haldea said.
The other sectors which saw a fall is the private sector, whose mobilisation dropped by 22 per cent to Rs 35,588 crore from 45,336 crore in the corresponding period last fiscal.
The mobilisation by state level undertakings also fell by 42 per cent to Rs 890 crore during the period, from Rs 1,538 crore in the previous year.
On the other hand, a major surge in mobilisations came from PSUs, which increased by 56 per cent to only Rs 13,700 crore, compared to Rs 8,802 crore in the previous year and state financial institutions by 105 per cent to Rs 267 crore, as against Rs 130 crore in the previous year, the statement added.
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