Equity issuances highest in 10 years; India Inc raises Rs 1.8 trillion

The December quarter saw three IPOs mopping in excess of $1 billion (Rs 65 billion)

Equity and equity-linked issuance (ECM) by Indian firms raised a total of $28.5 billion (Rs 1.8 trillion) in 2017, the highest amount in 10 years.
 
It was a 208 per cent increase over 2016, and the highest since 2007, when proceeds amounted to $31.2 billion (Rs 2,028 billion), a report by Thomson Reuters suggests. During the fourth quarter of 2017, total ECM proceeds reached $11.1 billion(Rs  722 billion), a 59.6 per cent increase from the third quarter, and the highest for such a period since the second quarter of 2007 Rs 852 billion.
 
The financials sector, driven by