India Inc raised Rs 1,07,177 cr via debt in H1

India Inc witnessed fund-raising of around Rs 1,07,177 crore through debt (bonds) on a private placement basis in the first-half of the current fiscal, a 23 per cent jump over the same period a year-ago, according to a report by Prime Database.

Prime Database, the country's first and only database dedicated to the capital markets, said last fiscal the figure stood at around Rs 86,796 crore.

The amount was mobilised by only a handful of 127 institutions and corporates, according to the report.

"The April-September (H1 FY11) period's raising was up 23 per cent at Rs 1,07,177 crore as against Rs 86,796 crore in the corresponding period the previous year," Prime Database's Managing Director Prithvi Haldea said in the report.

This year's figure is the highest in the last one decade, he said, adding that the full year of 2001-02,2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08, 2008-09 and 2009-10 had witnessed mobilisations of Rs 45,427 crore, Rs 48,424 crore, Rs 48,428 crore, Rs 55,409 crore, Rs 81,847 crore, Rs 93,855 crore, Rs 1,15,423 crore, Rs 1,74,327 crore and Rs 1,89,478 crore, respectively.

The report further said financial institutions and banks made the biggest mobilisation. It was up 33 per cent at Rs 68,314 crore compared to Rs 51,488 crore in the corresponding period of the previous year.