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Indian firms defy stock market slump with record $25 billion half-year equity fundraise
BENGALURU: Indian companies defied a secondary market slump to raise 2.43 trillion rupees ($25.27 billion) in the first half of fiscal 2027, a record for the period, data showed on Thursday, as domestic investors sought fresh opportunities to deploy capital. Not only did equity fundraising jump 75% year-on-year in April-September, according to PRIME Database Group, but average listing gains also jumped to 19% from 7%. In contrast, the benchmark Nifty 50 inched up 1.3% in the period. Pranav Haldea, managing director of PRIME Database Group, cited two reasons for the “unusual” divergence between...
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