1. Equity markets off to a great start: News Corp VCCEdge

Equity markets off to a great start: News Corp VCCEdge

Equity markets got off to a great start with capital market deals worth $2.37 billion in the first quarter this year, registering a rise of over 86 per cent over the previous quarter, says a report.

By: | New Delhi | Published: April 25, 2017 5:16 PM
Meanwhile, value of deals for QIPs rose by ,332 million in the January-March quarter as against last year, and the YES Bank and Hindalco Industries dominated the scene with a cumulative issue size of ,252 million. (Source: AP)

Equity markets got off to a great start with capital market deals worth $2.37 billion in the first quarter this year, registering a rise of over 86 per cent over the previous quarter, says a report. According to News Corp VCCEdge India Quarterly Deals report for the first quarter of this year, there were 45 ECM (equity capital market) deals in the January-March period of this year worth $2.37 billion, while in the October- December 2016, there were 22 such transactions worth $1.27 billion.

Meanwhile, a slew of IPOs in 2017 make the equity markets a viable investment landscape, the report said, adding four of the five IPOs in the quarter were oversubscribed multiple times, showing buoyant market sentiment. “D-Mart, BSE and Radio City IPOs raised 23 per cent of deal value at $538 million,” the report said.

Meanwhile, value of deals for QIPs rose by $1,332 million in the January-March quarter as against last year, and the YES Bank and Hindalco Industries dominated the scene with a cumulative issue size of $1,252 million.

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“In grim times for other investment options, the equity capital markets came through as a beacon, offering hope that buoyant sentiments and a multitude of IPOs expected to hit the markets in 2017 will make the ECM deals landscape a lucrative investment opportunity,” said Nita Kapoor, Head India – New Ventures, News Corp and CEO, News Corp VCCircle.

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