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India Business News: Sony's cancellation of the merger with Zee poses a threat to Zee due to low promoter holding, potential takeover bid, and leadership changes. Goenka's
Data sourced from Prime Database reveals that 48 companies spent ₹48,079 crore on buying back their stocks in 2023 - a year when the benchmark Nifty 50 appreciated over 20%. This is second only to the record of over ₹55,000 crore spent in 2017 when the benchmark index posted a return of 29%.
India Business News: Indian corporates raised nearly Rs 9.6 lakh crore in 2023 through the issuance of corporate bonds, marking the highest-ever annual mobilisation from debt instruments. This article explores the factors contributing to this record mobilisation, including credit demand, economic growth, and liquidity constraints.
Real Estate Investment Trusts: According to data compiled by Prime Database.com, REITs and InvITs collectively raised Rs 11,474 crore in 2023 compared to a record low amount of Rs 1,166 crore clocked in 2022.
Before that, funds to the tune of ₹17,641 crore were collected through the route in 2021 and ₹29,715 crore in 2020, the data showed. REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation.