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Home News Fund-raising via QIP plunges to Rs 4,837 cr in Apr-Feb FY17

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Fund-raising via QIP plunges to Rs 4,837 cr in Apr-Feb FY17

Fund-raising via QIP plunges to Rs 4,837 cr in Apr-Feb FY17

Thursday, March 30, 2017, 7:08 PM

Indian firms garnered Rs.4,837 crore from institutional investors during April-February period of the current fiscal, a sharp decline of 67% from the year-ago period. The funds have been raised for business expansion plans, repayment of loan, to meet working capital requirements and for other corporate purposes. QIP is an alternative mode of resource raising available for listed companies to raise funds from domestic market.
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