Fund mobilisation by Indian firms through share issue falls 81% in H1

The funds were mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes

Fund mobilisation by Indian companies through issuance of shares to institutional investors declined 81 per cent to nearly Rs 70 billion during the first half of the financial year 2018-19.
 

The firms had raised Rs 366.53 billion during the corresponding period of the previous financial year.
 

On a quarterly basis, the listed companies garnered Rs 40.70 billion during the three months ended June 30, 2018 and Rs 28.88 billion during the July-September period, through the qualified institutional placement (QIP) route, the latest data available with the Securities and Exchange Board of India showed.
 

The funds were mobilised for business expansion,