FDI into India up 37% to USD 43.85 billion during April-November 2020
FDI into India up 37% to USD 43.85 billion during April-November 2020
Foreign direct investment (FDI) into India increased by 37 per cent to USD 43.85 billion during April-November 2020, according to data by the commerce and industry ministry.
Total FDI inflows (including reinvested earnings) during the eight-month period of the current fiscal grew by 22 per cent to USD 58.37 billion, the ministry said on Wednesday. FDI equity inflow received during 2020-21 (April to November, 2020) is USD 43.85 billion. It is the highest ever for the first 8 months of a financial year and 37 per cent more compared to the first 8 months of 2019-20 (USD 32.11 billion), it said.
Brighter days ahead for Indian equity markets in 2021 as bulls take charge PTI
Mumbai: Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around USD 23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic.
With Jio Platforms alone garnering over USD 16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up USD 6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with USD 85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
MUMBAI: Record equity divestment by the
Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic.
With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
Fundraising via bonds hits a peak at ₹7.45-lakh crore
December 21, 2020
This is 8.3% more than last year’s ₹6.87-lakh cr
Riding on low-interest rates and policy reforms by the Reserve Bank of India (RBI), Indian corporates have raised the highest-ever sum of 7.45-lakh crore through rupee bonds this year.
This is 8.3 per cent higher than ₹6.87-lakh crore raised in 2019. A total of 5.12 lakh crore raised in 2018. With another 10 days for the year to end, companies are expected to raise another ₹20,000-25,000 crore.
“Covid-19 had an impact in March and April, when the companies had restrained from raising funds through bonds, but then there was a sharp recovery in May. The reasons included an ample liquidity in the system, lower interest rates and RBI’s introduction of Targeted Long-Term Repo Operations (TLTRO), which helped a lot in terms of corporates to issue more bonds,” said Ajay Manglunia, Managing Director and head institutional fixed income at JM Financial.
Anil Agarwal s Vedanta and Centricus to invest $10 billion in Indian companies
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Synopsis
In recent weeks, Anil Agarwal s Vedanta Group had expressed interest in acquiring Shipping Corporation of India, BPCL and in a separate development was shortlisted as the successful bidder for Venugopal Dhoot’s Videocon s assets. The government of India’s residual stake in Hindustan Zinc is also in play. Anil Agarwal (File Pic)
Anil Agarwal, Chairman of the
Vedanta Group and Centricus, a London-based investment firm, have announced their intention to launch a fund to deploy $10 billion in Indian companies with substantial turnaround and growth opportunities. The target businesses will include businesses majority-owned by the Government of India and earmarked for divestment, the statement said.