Firms raise `1trn from mkts in Apr; debt route most preferred
Indian firms raised a staggering over Rs 1 lakh crore from the markets in April, with debt segment emerging as the most preferred route to garner capital for their corporate needs.
An analysis of funds raised through various routes showed that companies have together mopped up fresh capital worth Rs 1.05 lakh crore from equity and debt markets. A large chunk of this amount or more than Rs 85,136 crore has been mopped up from <g data-gr-id="13">debt</g> <g data-gr-id="14">market,</g> while Rs 20,406 crore has been mobilised via equity route.
These funds have been raised for expansion of plans and to support working capital needs. In equity segment, most of the funds were raised by preferential route (Rs 10,484 crore), followed by rights issue (Rs 7,498 crore) Initial Public Offers (Rs 1,392 crore).