New Delhi: Through private placement of corporate debt securities or bonds, fund raising by Indian companies more than doubled from the year-ago level to over Rs 46,000 crore in January.
As many as 188 issues in terms of numbers were made last month as compared to 145 in January 2014. Most of the funds have been raised mainly for expansion of business plans and to support working capital requirements.
As per the data available with Securities and Exchange Board of India (Sebi), companies garnered a total of Rs 46,187 crore from debt on a private placement basis in January 2015, higher than Rs 20,782 crore mopped-up in the year-ago period. In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital. In December, firms had raked in nearly Rs 48,000 crore through this route.
