Indian companies raised to a greater extent than than Rs 44,000 crore through issuance of shares on preferential dry reason inward FY 2016-17, a dip of 12% witnessed over the previous financial equally reported by a leading trouble organisation agency.
The funds collected were used inward trouble organisation expansion, working upper-case missive of the alphabet requirements, full general corporate purposes together with refinancing of debt .
As per SEBI data, the funds raised through preferential allocation stood at Rs 44251 crore during 2016-17.
Funds are accumulated during 2016-17 were 12.39% lower equally compared to 2015-16 when companies collected Rs 50,513 crore. In FY2016-17 at that spot are 409 preferential allotments, land the release stood at 355 for the previous year.
January was the busiest calendar month during the terminal fiscal, alongside firms raising Rs 8756 crore through the preferential allocation route, followed past times May Rs (5218 crore), September (Rs 5718 crore) together with Oct (Rs 5839 crore).
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