Firms raise record Rs 4.6 lakh cr via debt placement in FY16

Indian companies raised a record Rs 4.6 lakh crore in 2015-16 through private placement of corporate bonds to meet business needs - a surge of 13 percent over the preceding fiscal. According to latest data available with Securities and Exchange Board of India (Sebi), firms raked in Rs 4,58,073 crore last fiscal, which ended on March 31, through private placement of corporate bonds. It was higher than Rs 4,04,136 crore garnered in 2014-15. In terms of numbers, 2,975 issuances were made last fiscal, as compared to 2,611 in 2014-15.

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