Domestic companies raised Rs 9.8 lakh cr from mkts in FY23: SEBI

Of the total resources mobilized, equity and debt segments accounted for Rs 9.2 lakh crore of capital formation, SEBI said in its annual report for 2022-23, released on Monday.

The previous fiscal saw some moderation in in fund raising through equity route due to volatility in the secondary markets, uncertain macroeconomic environment and relatively subdued performance of many listed equities

In the debt segment, the primary source of resource mobilization was private placement of debt, which rose 28 per cent over funds raised in FY2022.

SEBI said in FY2023, the commitment raised by AIFs logged a growth of 30 per cent to Rs 8.34 lakh crore from Rs 6.41 lakh crore at the end of 2021-22. The amount of funds raised and investment made increased by 16.5 per cent and 19 per cent respectively in the last fiscal.

During the year, 203 new AIFs were registered, taking the number of registered AIFs to 1,088 at the end of 2022-23.

The net asset value being managed by REITs stood at Rs 70,614 crore whereas for InvITs it was Rs 1,76,957 crore as on March 31, 2023. Total funds raised by InvITs during FY2023 stood at Rs 6,360 crore.

For the current financial year, SEBI said it is planning to enhance disclosures requirements for conglomerates having unlisted entities.

While listed entities are subject to comprehensive disclosure requirements, the same levels of disclosures requirements are not applicable to unlisted companies.

There is a need to identify, monitor and manage the risks introduced into the securities market ecosystem by unlisted companies in a conglomerate with a complex set of listed and unlisted associates, the regulator said, adding that it plans to facilitate transparency around the conglomerate by enhancing the group level reporting of transactions.

SEBI is also planning to introduce Mutual Fund Lite regulations for passive funds, wherein investment decisions are not discretionary, but tied to changes in the underlying benchmark index.