Flush with funds in COVID times: Indian firms mop up close to Rs 10 lakh crore in 2020
Debt route turned more attractive for many Indian corporates for multiple reasons, including that there won t be dilution of promoter equity, according to experts. PTI December 20, 2020 / 03:57 PM IST
Not-so-expensive credit avenues, benign capital markets and the scramble to built a liquidity war chest to fight pandemic-induced financial woes saw Indian companies mopping up close to Rs 10 lakh crore through equity and debt in 2020. And the bullish trajectory is expected to continue next year too.
With most of the developed markets awash with cheap credit, thanks to low interest regimes, entities from emerging markets like India tapped the low cost funding options. Debt route turned more attractive for many Indian corporates for multiple reasons, including that there won t be dilution of promoter equity, according to experts.