India Inc's secondary share sales hit record, firms raise $16 billion in 2024

Indian companies have raised a record $16 billion through share sales in 2024, even during a typical lull. Strong demand and high valuations are driving firms to utilize qualified institutional placements (QIPs) for fundraising, primarily for debt repayment and capital expenditure. This comes alongside a surge in IPOs, totaling nearly $18 billion, fueled by robust investor interest.