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108 cos raise Rs 83,000 cr in H1 via debt

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Press Trust of India New Delhi

Over 100 companies have raised Rs Rs 83,000 crore by issuing debt instruments such as bonds and debentures during the first half of the current fiscal, said a report.

On a period-on-period basis, the April-September period witnessed funds raised to the tune of Rs 83,961 crore, an increase of 25 per cent over Rs 67,108 crore mobilised in the corresponding period of the previous year, Prime Database Chairman & Managing Director Prithvi Haldea said in a research report.

The funds were raised by issuing through private placement debt instruments, including bonds, debentures and securitised papers, which have a tenor and put or call option of more than one year, the report said.

 

The highest mobilisation through debt private placements during the period was by REC (Rs 9,104 crore), followed by PFC (Rs 6,082 crore), Tata Motors (Rs 4,200 crore), IDFC (Rs 3,559 crore), LIC Housing (Rs 2,830 crore), HDFC (Rs 2,500 crore), ICICI Bank (Rs 2,500 crore), PGCIL (Rs 2,392 crore), IRFC (Rs 2,311 crore) and Tata Steel (Rs 2,151 crore), the report added.

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First Published: Dec 02 2009 | 7:50 PM IST

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