Thursday, October 22, 2009

INDIA INC ON A FUND RAISING SPREE, RAISES $9 BN

India Inc is on a fund raising spree, garnering $9 billion (Rs 32,400 crore at the current exchange rates) through sale of shares and convertible bonds to institutional buyers since April as companies, locked out from capital markets for almost a year due to the liquidity crisis, rush to finance growth plans.

The Economic Times

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