ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Winds of Change

Winds of Change LAST month saw a more than usual pre- budget rush of capital issues in the primary capital market. The amount in the aggregate of 36 capital issues made was Rs 44,328.65 lakh, which was more than seven times the amount of Rs 6,495.63 lakh of 21 capital issues in February 1990, and nearly two-and- a-half times the figure or Rs 16,638.48 lakhs of 44 capital issues for February 1987. The record rush of February 1992, comprised, according to Prithvi Haldea who runs Prime and Rights Database in New Delhi, 27 per cent of the whole amount of capital offered for subscription by the companies till February in the 1991-92 financial year.

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