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Economic Survey 2021 | Fund raising via public equity issuance surges 46% to Rs 92,000 crore in April-December

Companies had raised Rs 62,816 crore in the April-December period of 2019-20, according to the Economic Survey tabled in Parliament on Friday.

January 29, 2021 / 08:13 PM IST

Indian companies garnered close to Rs 92,000 crore through public issuance of equity during April-December this fiscal, a 46 per cent jump from the preceding financial year, with rights issue remaining the most preferred route for financing business needs.

Companies had raised Rs 62,816 crore in the April-December period of 2019-20, according to the Economic Survey tabled in Parliament on Friday.

During April-December 2020, however, the number of companies raising money through public issue reduced to 33 from 49 in the same period last year, the survey noted.

Of the total Rs 91,993 crore mopped up through public issuance of equities in April-December 2020, Rs 60,907 crore was raised through 16 rights issues as compared to Rs 51,866 crore from 13 issues in April-December 2019.