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Lower raising by financial institutions and banks have contributed to debt private placement mobilisation falling by 29 per cent to Rs.1,81,808 crore over the first nine months of the current fiscal against Rs 2,56,327 crore mobilised in the corresponding period of the previous year, according to Prime Database.
As per Prime Database, the biggest mobilisation in the nine-month period was made by the category of all-India financial institutions and banks at Rs 98,145 crore, 27 per cent lower than Rs1,35,379 crore in the corresponding period of the previous year.
The highest mobilisation through debt private placements during the period was by PFC (Rs.18,648 crore), followed by HDFC (Rs.16,675 crore), LIC Housing (Rs.14,170 crore) and REC (Rs.14,113 crore).
According to MD of Prime Database, Pranav Haldea, on an industry-wise basis, the financial services sector continued to dominate the market, collectively raising Rs 1,33,111 crore or 73 per cent of the total amount. Power ranked second with a seven per cent share or Rs.13,160 crore.
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