The demise of overseas equity offerings by Indian companies
Development of the domestic QIP market and the movement in the rupee are a slew of factors which contributed to the change in the scenario for fundraising, say market analysts
Gone are the days when Indian companies raised funds through overseas equity offerings. There are two ways in which a company can garner funds from an overseas capital market. The equity route involves issuing American depository receipts (ADRs)/global depository receipts (GDRs). The second is the debt route in which foreign currency convertible bonds are issued by the company.