Fund-raising by India Inc through the private placement of debt securities or bonds fell to a six-month low of Rs 14,420 crore in September.

According to data available with the market regulator the Securities and Exchange Board of India (SEBI), Indian companies garnered Rs 14,420 crore from debt on a private placement basis through 122 issues.

This was the lowest amount raised by companies through private placement of debt securities since April when they had garnered Rs 23,515 crore through the same route.

“In the corporate debt market, Rs 14,420 crore was raised through 122 issues by way of private placement listed on the BSE and NSE during September 2012 compared to Rs 34,892 crore raised through 186 issues in August 2012,” SEBI noted.

Thus, companies have mobilised Rs 1.8 lakh crore in the first six months of the current fiscal (2012-13), lower than the Rs 2.61 lakh crore mobilised in the last financial year (2011-12).

According to SEBI data, companies mopped up Rs 57,745 crore in July through private placement of debt securities, Rs 26,250 in June and Rs 23,993 crore in May.

(This article was published on November 6, 2012)
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