Indian companies raise Rs4.33 lakh crore in FY15 via debt placement
PremiumBanks and other financial institutions raised `2.34 trillion of the total amount raised during the year
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Mumbai: Indian companies and financial institutions raised the highest ever amount through private placement of debt in the financial year 2014-2015, according to data collated by Prime Database.
On a year-on-year basis, ₹ 4.32 trillion was raised in 2014-15, an increase of 60% over the ₹ 2.71 trillion mobilised in 2013-14, thanks to fund raising activities by banks and other financial institutions, Sanjeev Khandelwal, executive director at Prime Database, said in a statement.
Banks and other financial institutions raised ₹ 2.34 trillion of the total amount raised during the year. This was on top of ₹ 1.46 trillion raised in the previous year. Private sector companies raised ₹ 1.6 trillion during the year ended 31 March, a rise of 82% from the previous year.
The highest mobilisation through debt private placements during the period was by Power Finance Corp. Ltd at ₹ 46,920 crore, Prime Database said in its statement. This was followed by ₹ 34,538 crore raised by Rural Electrification Corp. Ltd, ₹ 29,170 crore raised by Housing Development Finance Corp. Ltd and LIC Housing Finance Ltd’s ₹ 24,791 crore, the statement said.
According to Khandelwal, on an industry-wise basis, the financial services sector continued to dominate the market, collectively raising ₹ 3.2 trillion or 74% of the total amount. The power sector ranked second with an 8% share at ₹ 35,312 crore.
