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| Fund mobilisation through debt up 42 per cent in Q1: Report |
| BS Reporter / Mumbai Sep 15, 2009, 00:20 IST |
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The first quarter of 2009-2010 saw a 42 per cent jump in fund mobilisation through private debt placements by domestic corporate houses, according to a Prime Database report.
Around 67 companies together raised Rs 40,300 crore between April and June 2009 compared to Rs 28,385 crore raised in the corresponding period of the previous year. Deals having put and call options of over a year were only reflected in the database.
The top fund mobilisers during the quarter included Tata Motors (Rs 4,200 crore), HDFC (Rs 2,500 crore), Indian Railway Finance Corporation (Rs 2,311 crore), Tata Steel (Rs 2,151 crore), and Axis Bank (Rs 2,000 crore).
Financial companies recorded a 35 per cent increase in fund raising through debt instruments to Rs 21,002 crore compared to Rs 15,535 crore raised in the corresponding quarter of the previous year.
While fund mobilisation by private sector firms in the quarter went up by 50 per cent to Rs 16,753 crore from Rs 11,184 crore, mobilisation by public sector companies was up 48 per cent at Rs 2,300 crore from Rs 1,552 crore, said the report.
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