Companies in India raise capital on fears of third wave

Companies in India raise capital on fears of third wave

Photo: Pixabay

Several corporates, especially in sectors severely hit by the pandemic, are raising additional capital to bolster their balance sheets and prepare for a potential third wave of the pandemic that could cause further disruptions to business.

While the trend is more visible in consumer-facing sectors such as civil aviation, tourism, retail and automobiles, experts say that more companies are likely to initiate fundraising efforts.

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