As sugar prices crash, M’rashtra factories mull shutdown

New Delhi, May 25

India Inc raised a staggering Rs 11,500 crore through rights issue offering since the beginning of 2015, making it the highest fund mobilisation through the route in seven years.

In a rights issue, shares are issued by firms to their existing investors as per their holding at a pre-determined price and ratio.

As many as six companies collectively raised about Rs 11,500 crore this year so far as against Rs 5,224 crore in 2014, according to an analysis based on information available with stock exchanges.

Fund mobilisation through rights issue in 2015 so far has already surpassed the amount garnered through this platform in each of the past six years.

In 2008, 26 companies had raked in a total of Rs 29,6990 crore.

Market experts believe that improvement in the stock markets scenario has helped in raising fund through rights issue mode. PTI