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India Inc's global float share static at 2.3%
B G Shirsat in Mumbai
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January 06, 2007 16:00 IST

India Inc's share of the global public and additional offerings was unchanged at 2.30 per cent in 2006 with 125 Indian firms mopping up $12.97 billion.

Globally, 3,145 companies mobilised $553.16 billion through public and additional offerings. In 2005, as many as 2,808 firms mobilised $453.71 billion against $10.51 billion by 78 Indian companies.

Asia Pacific and European companies together shared over 67 per cent with 1206 issues in Asia Pacific mopped up $186.4 billion (33.7 per cent) and 704 European firms raised $185.6 billion (33.5 per cent). The US region mopped up $142.3 billion (25.7 per cent) and others $39.2 billion (7.1 per cent).

The US remained at the top, mobilising $130.64 billion, accounting for 23.6 per cent of the global issue size. Japan ranked number two with $56.65 billion (10.24 per cent), followed by China $44.65 billion (8.1 per cent), Britain $28.71 billion (5.19 per cent) and Australia $24.64 billion (4.48 per cent).

As many as 14 countries mobilised over $10 billion in 2006, with India ranked at No 11. Germany at No 6 ($21.29 billion), Canada at No 7 ($20.61 billion), France at No 8 ($20.55 billion), Hong Kong at No 9 ($19.63 billion) and Russia at No 10 ($18.92 billion).

Banks, real estate investment trusts (REITs) and the real estate sector topped fund mobilisation globally in 2006, accounting for 26 per cent of $553.2 billion raised during the year. The three sectors mobilised $142.66 billion in 2006, up 58.7 per cent over $89.88 billion raised in 2005.

Banks mobilised $77.29 billion, accounting for 14 per cent of the total funds mobilised. Oil and gas firms ranked second at $47.28 billion (8.55 per cent), followed by REITs $33.6 billion (9.1 per cent) and real estate $138.75 billion (5.74 per cent).

The other sectors that mobilised over $10 billion in 2006 are telecom, financial services, retail, insurance, investment services, mining, commercial services, internet, software, engineering construction and semiconductors.

Two Chinese banks topped the mobilisation chart with Industrial and Commercial Bank of China raking in $16.06 billion, while Bank of China raised $11.18 billion in 2006.

Rosneft Oil Company of Russia was the third biggest fund raiser at $10.66 billion, followed by Australian based telecom company Telstra Corporation raised $ 8.81 billion and France based bank Natixis raised $6.45 billion.



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