Over 1,500 Indian companies raised a whopping Rs 2.39 lakh crore through private placement of debt securities or bonds in the first eight months of the year.
This represents a jump of 59 per cent from Rs 1.50 lakh crore raised in the year-ago period, data from Sebi shows. In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
During January-August period this year, Indian firms garnered a total of Rs 2,39,148.58 crore through this route compared to Rs 1,50,587.35 crore in the same period in 2011, according to data available with the market regulator.
In 2011, funds mopped by Indian companies through private placement of debt route was to the tune of Rs 2.43 lakh crore. The funds raised during the period under review was mobilised by a total of 1,513 institutions and corporates compared to 1,033 in the year-ago period.
Sebi, however, did not disclose the segment-wise fund raising details. As per a report by Prime Database, financial institutions and banks accounted for a major part of capital. As per the report, Indian financial institutions or banks raised a total of Rs 32,980 crore in the first quarter of current fiscal (2012-13).
The report said that in April-June quarter, PFC raised Rs 8,398 crore through private placements, HDFC (Rs 4,790 crore), Hindalco (Rs 4,500 crore) and NABARD (Rs 4,379 crore).