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Dec 22, 2012
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Dec 2012, the kindest month for equity issues
The season of merriment has brought joy to the primary markets. Equity fund raising via public issues (initial public offerings, follow-on public offerings and offers for sale) has helped India Inc garner more than R13,000 crore so far this December — the highest in the history of Indian equity markets. According to stock exchange data, the sale of 10% stake in state-owned NMDC raised nearly Rs 6,000 crore. The IPOs of Bharti Infratel, CARE Ratings and PC Jeweller raised a combined R5,600 crore while the OFS of Honeywell Automation, Reliance Power, Eros International and STI India raised an additional R1,650 crore. Investment bankers and primary market experts attribute the pick-up to the government’s stake sale initiative as well as the buoyancy in secondary markets following a burst of reforms.
Source -
http://www.financialexpress.com
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