New Delhi: By 2024, promoters of Indian companies have invested Rs. Have invested. Shares worth Rs 1.5 lakh crore were sold amid bullishness in the stock market and enthusiasm in the primary market, the highest in the last five years.
Prime Database data shows that in 2024, promoters will spend Rs. 1.49 lakh crore cash found. It was Rs 1.26 lakh crore more than the price received last year. Private Indian promoters accounted for 32.8% of the total market capitalization of companies listed on the National Stock Exchange at the end of September.
During this period, the share of foreign portfolio investors also decreased from 19.7% to 17.7%. However, the share of active domestic mutual funds increased from 6.10% to 7.7%, while the share of passive domestic mutual funds increased from 1.3% to 1.8%. The share of retail investors remained sluggish at 9.6%.
Analysts said the rally in the markets also facilitated exits for private equity (PE) and venture capital (VC) funds. Investors and promoters have raised Rs. Collected assets worth around Rs 1 lakh crore. Which is the highest in at least 10 years.
Some promoters may need money to invest in a new or other existing venture. In some cases, the company may need to meet minimum public shareholding (MPS) norms. Some promoters may have realized cash to pay off excessive borrowings. In some family-run business houses, there may be a need to adjust the stake in different companies.
Data shared by Prime Database shows that in 2024, through the Offer for Sale (OFS) route, promoters and investors will raise Rs. Rs 95,210 crore has been collected. Which in 2021 through OFS route will be Rs. It is more than Rs 75,400 crore. Among the many startups that launched their IPOs. Funds were largely raised through the OFS route. Benchmark indices hit new highs during the year, as did mid-cap and small-cap stocks.
