India Inc raised a staggering Rs 3.1 lakh crore through private placement of corporate debt bonds in the April-September period of the current fiscal, a surge of 28 per cent from the year-ago period.
The funds have been raised for business expansion plans, to support working capital requirements and for repayment of debt.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
According to the data available with Securities and Exchange Board of India (Sebi), companies garnered a total of Rs 3,10,347 crore from debt on a private placement basis in the first half of the current financial year, much higher than Rs 2,42,720 crore raised in the corresponding period last year.
In the entire previous fiscal (2015-16), the capital raked in through private placement of debt securities stood at Rs 4.58 lakh crore.
In terms of numbers, 1,869 issues have been made April-September period of 2016-17, as compared to 1,708 in the year-ago period.
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