India Inc has raised a whopping Rs 23,730 crore through initial share sales in April-January, which is nearly 10 times than that mobilised during the corresponding period last fiscal.
Qualified Institutional Placements (QIP) contrib-uted Rs 6 out of every Rs 10 raised by Indian companies from domestic sources in January-November 2009. Simply put, Indian companies raised Rs 47,419
Sharp drop in PE deals as firms going for QIPs
Things have never looked better in recent times.
The fund raised would be used for equity gap funding of power projects
The board of directors has already approved
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