AN YEAR OF IPO BOOM
March 22, 2018
The fiscal year 2017-18 proved to be the game-changer in the way the companies raise money to fund their operations and investments. So far 122 companies have raised a cumulative amount of Rs 71500 crores. The majority of the IPO issuers were insurance companies accounting for 60% of the total value of IPOs issued. The increment seems humongous because in the fiscal years 2016-17 and 2015-16 only Rs29000 crore and Rs 15000 crore were raised stating a 150% increase in the total value of the shares offered through IPOs
INDIA INX LISTS IRFC GREEN BONDS
March 22, 2018
The BSE’s India INX (India International Exchange) listed IRFC’s (Indian Railway Finance Corporation) green bonds on the global securities market on Saturday. These bonds have become first debt security to be registered on an exchange at International Financial Services Centre in Gujarat’s GIFT city. Railway Minister Piyush Goyal has announced that financial wing of Railway’s – IRFC will expand its path into newer business lines shortly.