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Indian companies garnered nearly ₹28,000 crore through issuance of shares on preferential basis during April-November of the ongoing fiscal, a jump of over 3 per cent from the year-ago period.
The funds were mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes.
As per the Securities and Exchange Board of India (SEBI) data, funds raised by listed firms through preferential allotment stood at ₹27,874 crore in the first eight months of 2017-18.
The funds accumulated during April-November of 2017-18 are 3.23 per cent higher as compared to same period of the previous financial year, when the companies mopped up ₹27,001 crore.
In terms of numbers, 264 issues were witnessed in the first eight months of the current fiscal as compared to 279 during the same period last year.
During April-November of 2017-18, September was the busiest month, with the firms raising ₹8,144 crore through the preferential allotment route, followed by August (₹5,493 crore), June (₹4,825 crore) and October (₹3,128 crore).
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