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Amid COVID crisis, fundraising bonanza continues: What does it mean for the market?

Updated : May 06, 2020 11:35 PM IST

Despite business activities have come to a standstill, there were many deals  and the lion share of that is come in from one business house - Reliance Industries.

Right after Facebook had bet $5.7 billion in Jio Platforms, Silver Lake came in as an investors. Besides that, Reliance Industries announced the largest ever rights issue.

GSK would be selling its stake in HUL and banks including IDFC First Bank, Kotak Mahindra Bank, YES Bank, are making beeline for fundraising in equity market transactions.

To understand what this means for the overall markets and the ability of the companies to raise funds at a time like this, Nisha Poddar spoke to Anup Maheshwari, joint CEO and CIO at IIFL AMC and Raj Balakrishnan, Head-India Investment Banking at Bank of America.

Watch this video for details
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