Over 60 companies are in queue to raise Rs 50000 crore

by khalid on 26/12/2009 · 0 comments

Finding the economy and markets back on the recovery path, more than 60 companies are looking to raise an estimated Rs 50000 crore through sale of shares and awaiting the regulatory nod for the same. According to data available with SEBI and various investment bankers, more than 60 companies are waiting for the go-ahead signal from the market regulator for their planned sale of shares — most of them through initial public offers (IPOs) and others through rights issues or sale of share.

In the last week of September alone, more than 20 companies sought the regulator’s nod to raise over Rs 20000 crore.

Reliance Infratel is seeking to raise about Rs 5000 crore, while Emaar MGF, Sahara Prime City and Lodha Developers are eyeing more than Rs 3000 crore each.

Out of 60 companies about one-fourth are looking to do so through rights issues, while the remaining have proposed to raise funds through IPOs.

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