Fund-raising by Indian companies through
private placement of debt securities or bonds plunged to Rs 2,089 crore in August.
This was the lowest amount raised by the companies in a month through private placement of debt securities since February 2006, when they had mopped-up Rs 1,084 crore.
"In the corporate debt market, Rs 2,088.71 crore was raised through 55 issues by way of private placement listed on BSE and NSE during August 2013 compared to Rs 12,182 crore through 141 issues in July 2013," market regulator Securities and Exchange Board of India said.
According to experts, fund raising slumped during the month under review because of
weak market sentiments, economy slowdown and high rate of interest.
With the latest fund mobilisation, overall capital raised through private placement of debt securities reached Rs 1.25 lakh crore in the current financial year (April-August), lower than Rs 3.61 lakh crore mobilised in entire 2012-13 financial year.
With inputs from PTI 
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