Page 25 - Fund Raising

Govt may cap overseas bond sale at $5 bn this yr, huge risks involved: DBS

Instead, the report argued that increasing the ceiling on foreign portfolio investors in govt securities is a better option considering the huge risks in raising debt in a foreign currency

Fund raising via preferential allotment jumps 11-fold in June quarter

Indian companies garnered nearly Rs1 trillion through issuance of shares on preferential basis in the April-June quarter of the current fiscal year

India Inc raises Rs 1.4-lakh crore via equities in CY17

Fund raising through the equity route hit an all-time high, touching Rs 1.4-lakh crore mark during the current calendar year 2017 (CY17). In all, companies raised a record Rs 140,073 crore in the 10-and-half months of CY17 (January - November 14, 2017) through various equity instruments. This includes initial public offers (IPO), follow-on offers (FPO), offer for sale (OFS), rights issues, institutional placement programme (IPP) including qualified institutional placements (QIP).The amount is more than double as compared to the entire previous calendar year 2016 (CY16), when companies raised Rs 46,733 crore. Earlier in CY10, they had raised Rs 104,462 crore (Rs 1.04-lakh crore) via equities, the data from PRIME Database show.Analysts attribute this to the buoyant secondary market that has seen the benchmark indices - the S&P BSE Sensex and the Nifty 50 - rally nearly 25% thus far in CY17."Promoters are making use of the bull run in the secondary market to raise funds. Valuations ..

India Inc lines up Rs 15,000-cr fundraising plans

India Inc has lined up plans to raise funds worth about~15,000 crore over the next four to six weeks.Buoyancy in the market, with the benchmark Sensex and Niftyat record highs, and positive sentiment towards primary issuances are givingconfidence to companies and investment bankers to push ahead with theircapital-raising plans. The modes of capital mobilisation would includeinfrastructure investment trust, or InvIT (a new hybrid instrument that investsin infrastructure projects), initial public offerings (IPOs), qualifiedinstitutional placements (QIPs) by listed companies, and offer for sale (OFS)by the government.Between November 2016 and February 2017, equity fundraisinghad taken a hit due to the uncertainty created by demonetisation. However,investment bankers say investor sentiment -both foreign and domestic- has onceagain turned positive to absorb the supply of new paper coming into the market.At least two infrastructure companies - IRB Infrastructureand Sterlite Power Grid - ...

Fund raising via preferential route down 11% to Rs 18,600cr

Funds have been mobilised for business expansion, refinancing debt, working capital requirements and general corporate purposes

Indian firms to raise $5-bn forex loans

Public sector companies ahead of private peers in raising funds abroad

Fundraising via bonds falls in H1

Declines 25 per cent as India Inc's capex remains low; overseas loans remain flat