Equity fund-raising through QIP slumps over 80% to Rs 5,039 crore

Slumps over 80%; titans of India Inc in wait-and-watch mode to see how economy navigates a torrent of headwinds

Equity fund-raising through qualified institutional placements (QIP) slumped over 80 per cent to Rs 5,039 crore in a cloudy economic environment. The sharp deceleration follows two years of strong mobilisation.

QIPs are one of the most-preferred avenues for listed companies for raising fresh capital. Typically, the funds raised through this route are used for fuelling expansion and growth.

Financial firms are the largest issuer of QIPs since they are constantly in need of funds to lend and expand their balance sheets.

Experts say a sharp drop in funds raised via QIPs could be an indication that India Inc captains remain