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Mumbai, July 2 ICICI Securities (i-Sec) has topped the Prime Database League Tables for money raised through IPOs/FPOs.

From January-June, i-Sec was involved in raising a total of Rs 23,700 crore through nine IPOs/FPOs. This represents a 76 per cent share of the total funds mobilised through IPOs/FPOs.

According to Prime Database, the first six months of 2007 saw more capital being raised though IPOs and FPOs than in the last five years. In 2006, India Inc raised a total of Rs 12,530 crore through public offerings, while Rs 10,174 crore was raised in 2005 and Rs 19,190 crore in 2004.

“The Indian economy is growing at almost 10 per cent and this growth has fuelled a need for companies to raise capital. All indications are that the present trend is likely to continue for a while,” said Mr S. Mukherji, Managing Director and CEO of ICICI Securities.

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i-Sec tops Prime Database League Tables

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