Reliance Infrastructure and Reliance Power boards approved plans to raise Rs 6,000 crore each via QIP or other modes. Both firms also cleared NCD issues worth Rs 3,000 crore.
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.
The strategy has, however, lagged higher-returning asset classes such as gold and global equities, with 14.7% and 18.6% annualised returns, respectively, over the same period.
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