Adani Enterprises outlier as equity raising by India Inc declines

The listed non-financial companies raised fresh equity capital worth Rs 1.6 trillion in FY22 down 57 per cent from FY21

Adani group flagship Adani Enterprises has announced plans to raise fresh equity capital worth Rs 20,000 crore later this year, which is one of the biggest by corporate India.

At macro level, however, fundraising is going down owing to a lack of big capital expenditure (capex) by companies, besides a jump in corporate profits in the last two years.

Fresh equity raising by the country’s top listed companies declined sharply in FY22 after a busy FY21.

Listed non-financial companies raised fresh equity worth Rs 1.6 trillion in FY22, down 57 per cent year-on-year (Y-o-Y) from an all-time high of Rs 3.74