News > Despite COVID-19 pandemic, Indian Inc raised Rs 10 lakh crore this year
Despite COVID-19 pandemic, Indian Inc raised Rs 10 lakh crore this year
Business Today | 20/12/2020 11:03 PM | Click to read full article
Indian corporates managed to raise around Rs 10 lakh crore through equity and debt in 2020 as India, due to its low-interest regimes, tapped the low-cost funding options from most of the developed markets flooded with cheap credit.
Fresh capital has been gathered to create a war chest of liquidity, fund growth, expansion plans and refinance high-cost debt, while a large amount raised from IPOs went to the shareholders and promoters.
