Firms raise ₹48k cr via preferential allotment
Indian firms have raised ₹48,187 crore through preferential issue of shares to promoters and shareholders during April-February in 2015-16 compared to ₹23,260 crore mobilised in the earlier fiscal. Market volatility has forced companies to opt for this route to raise capital, analysts said. Preferential allotment refers to the issue of shares to select shareholders on a private placement basis. 