Firms Mop Up Rs 2 Lakh Crore via Debt Placement in April-September

New Delhi: Indian companies raised a staggering Rs 2.04 lakh crore through private placement of corporate bonds in the first six months of the ongoing fiscal year, to meet business needs - a surge of 21 per cent compared to the corresponding period a year ago. These funds have been raised mainly for business expansion plans and to meet working capital requirements. In debt private placements, firms issue securities or bonds to inst...