New Delhi: Fund-raising by India Inc through private placement of debt securities or bonds declined by 19 percent to around Rs 33,760 crore in the month of May, according to Sebi data.
This was also the lowest fund raising by Indian companies through private placement of bond since February, when they had mopped-up Rs 19,624 crore.
Indian firms garnered a total of Rs 33,759 crore from the debt securities on a private placement basis route, a sharp decrease from Rs 41,812 crore in the preceding month, the data showed.
However, the number of issuance increased to 236 in May from 206 in April.
The market regulator has not disclosed about fund raising details of individual companies.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
With this, overall funds raised by Indian companies has reached to Rs 75,571 crore in the first two months of this current fiscal.
In comparison, firms had mopped up a total of Rs 3.4 lakh crore through private placement of debt securities in the fiscal year ended March 31, 2013, the highest in five years. While, companies had garnered Rs 2.10 lakh crore in 2011-12.
First Published: Wednesday, June 12, 2013, 20:27