Indian companies mopped up a whopping Rs1.73 lakh crore from the markets in April-June quarter of the current financial year, more than double the amount garnered in the year-ago period. These funds have been raised mainly for expansion of business plans and to support working capital requirements.
An analysis of funds raised through various routes showed that companies have together mopped up fresh capital worth Rs1,72,818 crore from equity and debt markets during the first quarter of the current fiscal (2015-16), higher than Rs72,085 crore raised in April-June period of 2014-15.
A large chunk of this amount or Rs1,42,334 crore has been mopped up from debt market, while Rs30,484 crore has been mobilised via equity route. In the equity segment, most of the funds were raised through preferential route (Rs17,398 crore).