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Fund raising via preferential allotment down 17% to Rs 40,000 cr

Fund raising via preferential allotment down 17% to Rs 40,000 cr

Friday, March 31, 2017, 4:16 PM

According to data available with the SEBI, Indian firms mopped-up over Rs 40,000 crore through issuance of shares to promoters and shareholders on preferential basis in 11 months of the current fiscal, a slump of 17% from the year-ago period. The funds have been raised for business expansion plans, repayment of loan, meeting working capital requirements and for other corporate purposes.
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