Saturday, April 11, 2009

India Inc Mops Up Rs 31,000 Crore Via Rights Issue - April 11, 2009

India Inc has mobilized Rs 31,069 crore through rights issue in 2008, a double-fold rise over last year, as fund raising from the debt market and through IPOs dried up amid the global economic crisis. During the calendar year 2008, Rs 31,069 crore funds were raised through rights issue, as against Rs 14,085 crore last year, as per data compiled by brokerage firm SMC Capital. Some of the big rights issue in 2008 includes Tata Motors'' over Rs 4,000 crore issue to fund acquisition of British marquee brand Jagaur Land Rover (JLR) and Rs 5,000 crore Hindalco rights issue.

No comments: