Money raised by India Inc from capital markets jumped more than four times to Rs 18,259 crore in the first eight month of the current fiscal, Parliament was informed on Friday.
About Rs 3,972 crore was raised by 41 companies in the corresponding period (April-November) of last fiscal, 2014-15. “During 2015-16...53 companies raised approximately Rs 18,259 crores from the primary capital market through issuance of equity shares and convertibles through Initial Public Offer (IPO) and rights issue,” Minister of State for Finance Jayant Sinha said in a written reply in the lok Sabha.
As many as 64 companies had raised Rs 9,788 crore from the capital market in entire 2014-15, he said. In reply to a question whether the banking business in capital markets was subdued due to moderate investment intentions, he said host of factors were involved in this. “Growth in bank credit and deposits has been relatively subdued in nominal terms in the recent past.”