National Orientation Programme for Tribal Healers on Public Health held in Hyderabad (See 'Corp Brief') CSIR-NIScPR organises third International Conference on Dissemination of Traditional Knowledge (See 'Corp Brief') A&C - Judicial intervention in arbitral proceedings is warranted only in exceptional cases, such as where party is left remediless under the statute or where clear bad faith is established: HC (See 'Legal Desk') WCL emerges as Growth Engine of Coal India, Records Strong Growth in Production (See 'Corp Brief') DPIIT implements Special Campaign to minimise Pendency Across Offices (See 'Corp Brief') SEBI ACT - Provisions of SEBI (Prohibition of Insider Trading) Regulations are violated where an employee of the Company, possessed & communicated Unpublished Price Sensitive Information regarding its forthcoming financial results to an outsider who then traded in company's shares based on such information: SAT (See 'Legal Desk') CCI approves acquisition of certain stake in Vodafone Group PLC by Vega SAS (See 'Corp Brief') CCI approves acquisition of equity of Solenergi Power by Aditya Birla Renewables (See 'Corp Brief') CCI approves acquisition of certain shareholding in Navi Ltd by MIH Payments (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - A post-admission settlement can automatically bypass statutory mechanism mandated under Section 12A of the IBC, 2016, particularly in light of stringent amended provisions governing withdrawal of admitted applications: NCLAT (See 'Legal Desk') CCI approves acquisition of equity share capital of IntelliSmart Infrastructure by Adani Energy (See 'Corp Brief') CCI approves merger of Sapphire Foods India with and into Devyani International (See 'Corp Brief') 87 Crores Individuals Screened for Oral, Breast and Cervical Cancers (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - Liquidator's claim for refund cannot be adjudicated in the summary jurisdiction under Section 60(5) of the Code, more so where the parties' claims have not been crystallised through adjudication: NCLT (See 'Legal Desk') India-BLEU Joint Economic Commission Session Held in Luxembourg (See 'Corp Brief') India to promote South-South Cooperation and share Agricultural Innovations (See 'Corp Brief') Companies Act, 2013 - Pendency of challenge to a judgment before a Division Bench does not extinguish its binding force, where judgment is neither set aside nor stayed: HC (See 'Legal Desk') Of 137 commercial mines allocated since 2020, 25 are producing (See 'Corp Brief') MoS releases Foreign Language Compendium of DRDO Products for engagement with international partners (See 'Corp Brief') Trade Marks Act, 1999 - Court's intervention is needed where the parties furnish affidavits making undertakings that effectively resolve the issues at hand: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (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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