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If Morgan Stanley India head, Narayan Ramachandran is to believed, Indian companies are expected to raise more than Rs 3 lakh crores (US$ 70 bn) through share sales over the next three years. Speaking at the Reuters India investment summit, Ramachandran, an investment banking veteran, opined that a long list of firms are waiting in the wings, hoping to come out with IPOs and secondary offerings in Asia's third largest economy.
This brings us to our chart of the day. As per data available with CMIE, total funds mobilized through primary markets had reached in the vicinity of US$ 12 bn for the first seven months of the fiscal. And given the healthy pipeline, looks like we could exceed the highs of the past few years pretty comfortably. Soon, it will be like the crisis never happened!
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