Fund mop-up via preferential issues drops 60%
24/06/2014 15:55
Fund raising by listed companies through preferential allotment of shares has plunged nearly 60 per cent to Rs 7,073 crore in the first four months of 2014 as against the same period last year, reported PTI. During January-April 2013, firms had garnered Rs 17,612 crore through issuance of shares to their respective promoters and shareholders on a preferential basis, according to data available with market regulator Sebi, as per the media reports. According to media reports, on preferential basis, the companies had raised Rs 809 crore in January, Rs 686 crore in February, Rs 2,418 crore in March and Rs 3,160 crore in April, this year. The data with market regulator was available only till April. During the first four months of 2014, the total number of preferential issues stood at 137 as against 122 in the year ago period, as per the media reports.
24/06/2014 15:55
Fund raising by listed companies through preferential allotment of shares has plunged nearly 60 per cent to Rs 7,073 crore in the first four months of 2014 as against the same period last year, reported PTI. During January-April 2013, firms had garnered Rs 17,612 crore through issuance of shares to their respective promoters and shareholders on a preferential basis, according to data available with market regulator Sebi, as per the media reports. According to media reports, on preferential basis, the companies had raised Rs 809 crore in January, Rs 686 crore in February, Rs 2,418 crore in March and Rs 3,160 crore in April, this year. The data with market regulator was available only till April. During the first four months of 2014, the total number of preferential issues stood at 137 as against 122 in the year ago period, as per the media reports.
