Corporate India garners Rs 8.7 lakh cr from domestic, overseas markets in 2019; debt preferred route
FirstpostOf the total Rs 6.2 lakh crore mopped up through Indian debt markets, over Rs 6 lakh crore came from the private placement and Rs 16,425 crore through public issuance New Delhi: Marking a major upswing in fundraising activities, Indian companies garnered Rs 8.7 lakh crore from domestic and overseas markets in 2019 – up 20 percent from the previous year – with debt instruments remaining the most preferred route for financing business needs. Out of the cumulative Rs 8.68 lakh crore garnered this year, a large chunk of over Rs 6.2 lakh crore has been mopped up from the Indian debt market, Rs 1.2 lakh crore from overseas bonds, and the remaining Rs 1.25 lakh crore came from equity markets, data compiled by analytics major Prime Database showed. In 2018, firms had raised Rs 7.25 lakh crore, including nearly Rs 6 lakh crore through debt markets, over Rs 79,300 crore from equities and close to Rs 46,500 crore from the overseas route. Of the total Rs 6.2 lakh crore mopped up through Indian debt markets, over Rs 6 lakh crore came from the private placement and Rs 16,425 crore through public issuance.