A report by Thomson Reuters said that capital raised by Indian firms via equity and equity-linked issues declined by 55.3 per cent, falling to the lowest level since Q1 2011 to USD 2.43 billion in the January-March 2014 period from the same period a year ago.
Follow on equity offerings dipped by nearly 55 per cent to USD 2.42 billion in the first quarter of 2014 from the same period a year ago. However, follow-on offerings accounted for nearly 99.4 per cent of the equity capital-market activity in Q1 2014.
"Follow-on offerings captured majority of the equity capital markets activity with USD 2.42 billion worth of proceeds, a 54.6 per cent drop from first quarter of 2013, and accounted for 99.4 per cent of the market activity in Q1 of 2014," Thomson Reuters said in a report, a PTI report said.
In the first quarter of 2011, funds raised via equity and equity linked issues stood at USD 2.15 billion. Funds raised through the Initial Public Offerings route slumped by 84 per cent to USD 13.50 million in Q1 2014 from the same period a year ago, the report showed.
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