Share sales at listed firms gather pace in March

Listed companies have seen equity deals worth Rs 23,500 crore in March

March has been a blockbuster month for IPOs. However, listed firms too aren’t lagging behind when it comes to equity transactions.

Over the past few weeks, several companies have successfully raised fresh equity capital through qualified institutional placements (QIPs). Also, there have been number of secondary share sales, helping existing investors and promoters divest their holdings.

Investment bankers said companies and funds are making a dash before the end of the financial year to raise capital. The move will help shore up their balance sheets, impacted by the Covid-19 pandemic, they add.

At least five companies have already raised or