{"id":1935,"date":"2016-04-10T06:57:45","date_gmt":"2016-04-10T06:57:45","guid":{"rendered":"https:\/\/sunkrish.com\/?p=1935"},"modified":"2017-02-10T14:05:29","modified_gmt":"2017-02-10T14:05:29","slug":"fund-raising-via-rights-issue-hits-5-yr-high-of-rs-9239-cr","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/04\/10\/fund-raising-via-rights-issue-hits-5-yr-high-of-rs-9239-cr\/","title":{"rendered":"Fund raising via rights issue hits 5-yr high of Rs 9,239-cr"},"content":{"rendered":"<p><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/04\/10\/fund-raising-via-rights-issue-hits-5-yr-high-of-rs-9239-cr\/1-23\/\" rel=\"attachment wp-att-411\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3836 size-full\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/2016\/04\/1-12.jpg\" width=\"228\" height=\"141\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/2016\/04\/1-12.jpg 228w, https:\/\/sunkrish.com\/wp-content\/uploads\/2016\/04\/1-12-80x50.jpg 80w\" sizes=\"auto, (max-width: 228px) 100vw, 228px\" \/><\/a>Indian firms raised a staggering Rs 9,239 crore through rights issue in the past fiscal, making it the highest fund mobilisation in five years.<\/p>\n<p>The huge fund-raising was primarily driven by Tata Motors&#8217; rights issue.<\/p>\n<p>Most of the funds were mopped-up for expansion, repayment of debt and working capital requirements.<\/p>\n<p>In the rights issue mode, shares are issued to existing investors at a pre-determined price, normally at a discount, in proportion to their holdings.<\/p>\n<p>Companies garnered Rs 9,239 crore in the past fiscal, which was 37 per cent higher than Rs 6,750 crore raised in the preceding financial year, according to an analysis.<\/p>\n<p>This was the highest fund-raising since 2010-11 , when firms had raked in Rs 9,594 crore.<\/p>\n<p>In terms of number, the past fiscal witnessed 12 companies using the rights route as compared to 17 firms in 2014-15.<\/p>\n<p>The largest rights issue during the period was from Tata Motors which alone raked in Rs 7,498 crore.<\/p>\n<p>It was followed by IL&amp;FS Transportation (Rs 740 crore), Sun Pharma Advanced (Rs 250 crore) and Fortune Financial Services (Rs 204 crore).<\/p>\n<p>Source: <a href=\"http:\/\/www.business-standard.com\/article\/pti-stories\/fund-raising-via-rights-issue-hits-5-yr-high-of-rs-9-239-cr-116040800804_1.html\" target=\"_blank\">http:\/\/www.business-standard.com\/article\/pti-stories\/fund-raising-via-rights-issue-hits-5-yr-high-of-rs-9-239-cr-116040800804_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian firms raised a staggering Rs 9,239 crore through rights issue in the past fiscal, making it the highest fund mobilisation in five years. The huge fund-raising was primarily driven by Tata Motors&#8217; rights issue. Most of the funds were &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2016\/04\/10\/fund-raising-via-rights-issue-hits-5-yr-high-of-rs-9239-cr\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[332,311,732,331,730,729,731],"class_list":["post-1935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-capital","tag-corporate","tag-fortune-financial-services","tag-fund-raising","tag-ilfs-transportation","tag-rights-issue","tag-sun-pharma-advanced"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=1935"}],"version-history":[{"count":4,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1935\/revisions"}],"predecessor-version":[{"id":3837,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1935\/revisions\/3837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3836"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=1935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=1935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=1935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}