India welcomes Brazil's initiative to establish Tropical Forests Forever Facility (See 'Corp Brief') IBC - All dues, including statutory dues owed to Central Govt., any State Govt., or any local authority, if not included in Resolution Plan, shall stand extinguished: HC (See 'Legal Desk') A&C - Justice must be advanced on merits of case rather than defeated by technical or procedural lapses, particularly when such lapses are attributable to institutional processes beyond control of appellant: HC (See 'Legal Desk') Prevention of Corruption Act, 1988 - purpose of imposing conditions while granting bail is to secure presence of accused during trial & not to curtail personal or professional liberty: HC (See 'Legal Desk') IWAI hands over Kalughat Intermodal Terminal to PPP Operator (See 'Corp Brief') IPR - Unfair advantage of reputation and goodwill amassed by plaintiff's marks, calls for passing off against defendant: HC (See 'Legal Desk') Chouhan addresses conference of 20,000 farmers in Maharashtra (See 'Corp Brief') FERA - If exporter chose to realise export proceeds in the Indian Currency, then he had to ensure that export is made within bilateral framework of trade: SAFEMA (See 'Legal Desk') India, Bhutan unite in Prayer: Buddha Relics for Global Healing at Thimpu Festival (See 'Corp Brief') Benami - Even if there are cash infusions into bank accounts of alleged benamidar, no provisional attachment can be made in absence of evidence to show that such infusions are made by beneficial owner: SAFEMA (See 'Legal Desk') NPG evaluates projects from Ministries of Road, Highways & Railways (See 'Corp Brief') IPR - Refusal of registration is contingent upon existence of 'likelihood of confusion': HC (See 'Legal Desk') Competition Law - Dominance alone does not constitute abuse u/s 4 and competition law will intervene in digital platforms only where market-wide harm, exclusionary conduct, or unfair leveraging is evident: CCI (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT)

BSE platforms raise over Rs 18 lakh crore for corporate sector in FY21

Published: Apr 07, 2021

By TIOLCORPLAWS News Service

MUMBAI, APR 7, 2021: INDIAN corporates raised over Rs. 18.56 lakh crore worth of funds in 2020-21 through the BSE platforms, an increase of 53 per cent from the preceding fiscal despite the COVID-19 pandemic.

The funds were mobilised through the listing of equity, bonds, REITs (Real Estate Investment Trust), InvITs (Infrastructure Investment Trust) and commercial papers.

In the financial year 2020-21,Rs. 18,56,366 crore (USD 252.95 billion) was raised by the leading exchange as compared to Rs. 12,14,680 crores in 2019-20.

"While the global economy faced adversities due to the pandemic, it was encouraging to see how Indian Investors have shown faith in investing funds in Indian corporate sector through BSE platforms," said the leading exchange.

It noted that a sharp increase was observed in funds raised through the BSE Debt platforms for FY21 with Rs 5.55 lakh crore mopped up through bonds, Rs. 2.18 lakh crore through equities, Rs. 25,225 crore through InvITs, Rs. 4.245 crore though REITs and Rs. 10.52 lakh crore through commercial papers.

The BSE BOND platform continued to be the preferred choice by India Inc to raise debt capital through private placements, structured instruments or be it public issues and also by municipal corporations for raising municipal bonds, it highlighted.

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