Comments
Though the total funds raised through public markets in 2013-14 was up 13 per cent at ₹71, 320 crore against ₹63,056 crore in the previous fiscal, the amount raised through equities was 36 per cent lower at ₹29,381 crore compared with ₹46,073 crore raised in the previous fiscal, according to a report by Prime Database.
However, compared to equity issues, the year saw much greater activity in the public bonds market.
Of the total amount of ₹71,320 crore this fiscal, 35 issues raised ₹41,989 crore, up over 147 per cent compared to ₹16,982 crore raised last year through 20 issues.
“This market was initially monopolised by NBFCs but towards the later part of the year, the investors also witnessed tax-free bond issuances from Government companies,” added the Prime Database report.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.