Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') IPR - As Constitutional Court under Article 215 of Constitution, appropriate orders are warranted to ensure that its directions are not taken in perfunctory or dismissive manner: HC (See 'Legal Desk') Prohibition of Benami Property Transactions Act, 1988 - Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (See 'Legal Desk')

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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