homevideos Newsfinance NewsAmid COVID crisis, fundraising bonanza continues: What does it mean for the market?

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

By Nisha Poddar  May 6, 2020 11:35:30 PM IST (Published)

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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.