India Inc mops up Rs 12,569 cr through QIPs in first quarter

Our Bureau Kolkata | Updated on November 25, 2017 Published on July 01, 2014

India Inc mobilised Rs 12,569 crore through qualified institutional placements (QIP) and Rs 418 crore through institutional placement programmes (IPP) in the first quarter of 2014-15.

According to Prime, the database for the primary capital market, the funds mopped up through QIPs in Q1 showed a 10-fold increase against that in Q1 of 2013-14.

However, the rate of growth for total funds raised through placements — both QIP and IPP — was 151 per cent higher than that in the corresponding quarter in the last fiscal. This was because IPP mobilisation in Q1 of 2013-14 was higher at Rs 3,784 crore.

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Published on July 01, 2014
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