Fund mobilisation through privately placed corporate bonds in India reached a record high of Rs9.77 lakh crore in FY24, a 15% increase compared to the previous year. Indian companies preferred this method as it is cost-efficient and cheaper than equities. Fundraising through the equity route totaled Rs 1.26 lakh crore, with QIPs contributing significantly. This article provides insights into the fundraising activities in the Indian market.
Securities and Exchange Board of India (Sebi) approves a pilot on T+0 settlement and eases disclosure requirements for foreign portfolio investors (FPI). The market watchdog also takes decisions to promote ease of doing business in India’s capital markets, including amendments to IPOs and tackling market rumours.
Robust initial public offerings are attracting investors amidst the relentless market rally, with the turnover in the cash equity segment surging by 61% to ₹81,450 crore this year.
The Indian rupee recorded its largest one-day gain in almost six weeks on Tuesday, supported by a weaker US dollar and late inflows. The rupee closed at 82.9350 per U.S. dollar, 0.2% stronger than its previous close of 83.1075. Analysts believe that the presence of the central bank and inflows from initial public offerings contributed to the rupee’s strength.
