Indian companies raised nearly Rs 63,300 crore ($8.5 billion) from equity and debt in April to fund business expansion plans, with debt emerging as the most popular choice for investors. Firms sought fresh capital to pay off debt, fund new projects and support acquisitions, marketing and R&D purposes. Of the total, Rs 55,462 crore ($7.5 billion) was raised from the debt market, with the remaining Rs 7,816 crore ($1 billion) coming from the equity market, according to data from the Securities and Exchange Board of India. Market experts said that debt markets were most heavily used by financial sector firms seeking funds to lend on to other borrowers.
Listed companies raise Rs 63,300 crore through equity and debt in April
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