Preferential allotments fall to 33 in June

India Infoline News Service | Mumbai |

The cumulative mobilised amount for the financial year 2013-14, stood at Rs. 278.93 billion through 126 preferential allotments

Fund-raising by issuance of shares to promoters and shareholders on preferential allotment stood at Rs. 118.78 billion in June, according to SEBI (Securities and Exchange Board of India) data.

The June number has touched the highest level since May 2012, when the funds had raised a total of Rs. 149.87 billion via preferential allotments route.

There were 33 preferential allotments (Rs. 118.78 billion) listed at BSE and NSE during June 2013 as compared to 56 preferential allotments (Rs. 41.70 billion) in May 2013.

The cumulative mobilised amount for the financial year 2013-14, stood at Rs. 278.93 billion through 126 preferential allotments of which 58 allotments amounting Rs. 266.10 billion were listed at both BSE and NSE.

In the entire financial year 2012-13, companies have garnered around Rs. 470 billion, marking a sharp rise from Rs. 257.09 billion garnered through preferential allotments to the promoters as well as shareholders in the past fiscal. 

In 2010-11, companies had collected Rs. 305.11 billion through preferential allotments.
 

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