Higher overseas investor flows boost share sale activity in listed firms

Over Rs 23,000 crore worth of equity stake offloaded in the last one month

The surge in overseas investor flows has boosted share sale activity by listed firms. In the last one month, equity stake sales worth nearly Rs 23,000 crore have taken place in listed companies. The jump in deal activity has come after many months of lull, providing the much-needed relief to India Inc, say investment bankers.
 
The nature of share sales includes partial or full exits by existing investors and divestment by promoters. Also, fresh fund raising activity in the form of qualified institutional placements (QIPs) is gathering pace.
 
“Market sentiment has been benign since the second half of