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Market rewards growth

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Business Standard
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2014 saw hectic fundraising through the qualified institutional placement (QIP) route.

A total of Rs 32,000 crore through 30 issues was raised through QIPs this year, four times the amount raised last year. This year's 30-per cent rally aided not just aided the fundraising but also ensured institutional investors made good returns on their QIP investments. Every two out of three QIP issues made positive returns for the investors. Interestingly, companies that raised capital to fund growth were rewarded by the market. Companies which launched QIPs to prune debt saw their share price languish despite raising capital. A look at the largest, best- and worst-performing share placements of 2014 by India Inc

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First Published: Dec 29 2014 | 12:08 AM IST

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