<g data-gr-id="26">und</g> raising by Indian companies through <g data-gr-id="20">retail</g> issuance of non-convertible debentures (NCDs) plunged by 72 per cent to around Rs 1,250 crore in the first six months of the current fiscal, from the year-ago level. The funds have been raised to support working capital requirements and general corporate purposes. Four companies - SREI Equipment Finance, Muthoottu Mini Financiers, NTPC and SREI Infrastructure Finance - have collectively mobilised Rs 1,249 crore through NCDs during the April-September period of 2015-16.
In comparison, Rs 4,419 was raised via 12 such issuances in the first six months of 2014-15, as per the latest data with the Sebi. In the entire last fiscal (2014-15), Rs 9,713 crore had been garnered through 25 issues of NCDs. Individually, NTPC garnered Rs 447 crore against the base size of Rs 400 crore and SREI Equipment Finance raked in Rs 410 crore against a target of Rs 250 crore.