Firms raise Rs 2.4 lakh cr in corporate debt

Firms raise Rs 2.4 lakh cr in corporate debt

 About 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 calendar year 2012, accounting for a 59 per cent from Rs 1.50 lakh crore raised in the year-ago period, as per Sebi data.

Domestic firms mobilised a total of Rs 2,39,148.58 crore during January-August period this year through this route as compared to Rs 1,50,587.35 crore in the same period in 2011, as per the 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.

Indian financial institutions or banks raised a total of Rs 32,980 crore in the first quarter of current fiscal (2012-13). 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).

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