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Indian Inc's fund mobilization in primary market jumps nearly three times during Q1 FY'14

By Religare

Indian companies mobilized Rs 1,494 crore through six issues in the primary market during the first quarter of current fiscal, up nearly three times from Rs 509 crore mobilized during the corresponding period of last fiscal, according to the data released by Sebi.

The data showed that India Inc garnered these funds through six issues as compared to seven issues during the year ago period.

Sebi data also showed that during June 2013, Rs 432 crore were mobilised in the primary market by way of two issues as compared to Rs 928 crore mobilised through three issues in May 2013, showing a decrease of around 0.5 times over the previous month.

Read more about: primary market
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