savant sirjee,
companies raising qip's are
*Essar Oil: Rs 10,000 crore.
* Carin India: Rs 5,000 crore.
* Hindalco: Rs 2,400 crore.
* HDIL: Rs 1,688 crore.
* HCC: Rs 1,500 crore.
* S Kumaran Nationwide: Rs 1,000 cr.
* Bajaj Hindustan: Rs 723 crore.
* Sobha Developers: Rs 527 crore.
* Gammon Infra: Rs 500 crore.
* Max India: Rs 450 crore.
Unitech / Suzlon / Indiabulls Realestate — All raised funds to pay debt
Educomp — Would need the fund for Growth Capital requirement of the company
Dish TV — Raised fund but not through QIP but the major portion of the fund is used for growth of the company
GMR — Opted not to go for a QIP
i have a doubt about investing in these companies...i read a general debate somewhere that one should only invest in companies that have raised qip's for growth purposes & not for debt reduction. pls enlighten me.
thanks.
rishi xx