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Companies raised ₹22,773 crore through retail issuance of non-convertible debentures in the current fiscal (2015-16) as on February 10, according to SEBI data. The money was mopped up to fund business requirements. This is much higher than the ₹9,713 crore garnered by firms in the entire last fiscal. Most of the funds were mobilised to fund expansion, support working capital requirements and other general corporate purposes.
In terms of numbers, 16 issuances took the NCD route in the ongoing fiscal, compared to 25 in the entire past financial year. Interestingly, some of the companies took to the route twice to garner funds.
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