India Inc taps Rs 1.03 lakh cr through debt

PRIME, the country’s database on debt private placements, in a report compiled stated that only such deals which have a tenor and put/ call option of above 365 days are reflected in this database.

The April-September period’s raising of Rs 1,02,590 crore meant a decrease of 12 per cent over Rs 1,16,524 crore mobilised in the corresponding period of the previous year.

The biggest mobilisation, continued to be made by all-India financial institutions and banks at Rs 67,583 crore as compared to Rs 74,634 crore in the corresponding period of the previous year, which however represented a decline of 9 per cent. Mobilisation by PSUs went up by 49 per cent to Rs 11,718 crore compared to Rs 7,862 crore in the corresponding period of the previous year, while funds raised by state level undertakings too went up to Rs 1,959 crore compared to Rs 496 crore in the corresponding period of the previous year.

A fall in mobilisation was witnessed by private sector, down by 36 per cent to Rs 21,264 crore compared to Rs 33,308 crore in the corresponding period of previous year. The state financial institutions also came down to Rs 65 crore compared to Rs 222 crore in the corresponding period of the previous year.

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