Markets

India Inc raises Rs 2.04 lakh cr via debt pvt placement in H1

Our Bureau Mumbai | Updated on January 22, 2018 Published on November 23, 2015

debt

Private placement of corporate bonds went up about 21 per cent in the first half of this fiscal to Rs 2,03,987 crore ( Rs 1,68,991 crore in H1FY15) according to data compiled by Prime Database.

The money was raised by 233 institutions and corporates.

Power Finance Corporation (Rs 19,312 crore), LIC Housing (Rs 10,768 crore), HDFC (Rs 9,701 crore), Rural Electricfication Corporation (Rs 8,121 crore), IDFC (Rs 7,042 crore), Indiabulls Housing (Rs 6,277 crore) and Power Grid Corporation (Rs 5,928 crore) were the highest fund raisers during the period.

Pranav Haldea, Managing Director, Prime Database, said: “On an industry-wise basis, the financial services sector continued to dominate the market, collectively raising Rs 1,39,963 crore or 68 per cent of the total amount. Power sector ranked second with a nine per cent share (Rs 17,962 crore).”

Private sector saw its highest quarterly mobilisation with a 55 per cent increase from Rs 70,407 crore in Q2FY15 to Rs 1,09,006 crore in Q2FY16, while PSU mobilisation went up by 56 per cent to Rs 19,120 crore (Rs 12,255 crore ).

However, banks and financial institutions saw a 11 per cent decline in mobilisation to Rs 75,359 crore (Rs 84,278 crore), while state-level undertakings also saw a sharp decrease of 67 per cent from Rs 1,502 crore to Rs 502 crore and state financial institutions went down from Rs 548 crore to nil.

Published on November 23, 2015
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