Equity fundraising through qualified institutional placements (QIPS) has gained traction this year, thanks to supportive markets, robust fund flows from domestic and foreign institutional investors, and the need for fresh fundraising by firms.
So far, 23 companies have raised ₹23,393 crore in 2024 through this route, almost half compared to the previous year. In 2023, 45 companies had raised ₹52,350 crore through QIPs.
Robustness in the first four months of 2024 is also in sharp contrast to the first four months of the previous year, when four companies raised ₹1,725 crore. Moreover, liquidity this year has been abundant. On a year-to-date basis, domestic institutions were net buyers worth 1.08 trillion, and foreign portfolio investors bought stocks worth $18,903 crore.
Listed companies raise capital by issuing shares or other equity-convertible instruments to qualified institutional buyers through the QIP route.
Denne historien er fra April 12, 2024-utgaven av Business Standard.
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Denne historien er fra April 12, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.
Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
RBI's inflation caution may halt FMCG rally
Analysts suggest buying quality stocks on dips for long term
Indices close marginally higher
Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.
Oil gains after 2-day decline
Oil rose after a two-day decline as traders watched for an Israeli response to Iran's missile attack early last week, while US crude stockpiles expanded the most since April.
Pro-rata distribution mandate for AIFs likely to see tweaks
Final norms to ensure excuse, exclude provisions co-exist
Bernstein downgrades Indian stocks on valuation concerns
Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.
