Cos raise record Rs 4.32lakh cr via debt placement in FY'15

Firms raked in Rs 4,32,692 crore in 2014-15 through private placement of corporate bonds, higher than Rs 2.71 lakh crore garnered in the preceding financial year ended March 2014, as per a report by Prime Database. This was the highest ever fund raising by companies in a financial year.

June 15, 2015 / 15:19 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Indian companies raised a record Rs 4.32 lakh crore last fiscal through private placement of corporate bonds to meet business needs, a surge of 60 percent from the preceding year.

Firms raked in Rs 4,32,692 crore in 2014-15 through private placement of corporate bonds, higher than Rs 2.71 lakh crore garnered in the preceding financial year ended March 2014, as per a report by Prime Database. This was the highest ever fund raising by companies in a financial year.

The previous high was in 2012-13, when firms had garnered Rs 3.52 lakh crore. In debt private placements, firms issue securities or bonds to institutional investors to raise capital. These funds have been raised mainly for expansion of business plans and to support working capital requirements.

Financial institutions/banks contributed to most of the fund raising, Prime Database Executive Director Sanjeev Khandelwal said.

Despite a rally of 25 percent in BSE's benchmark Sensex in last fiscal, companies flocked to the debt route instead of raising capital through public offers. Financial services sector continued to dominate the market, collectively raising Rs 3.2 lakh crore or 74 percent of the total amount.