The Tata group topped Indian conglomerates with Tata Capital Financial Services raising $3.1 billion in non-convertible debentures—the biggest bond offering from an Indian issuer in 2018. Rupee-denominated bond proceeds clocked ₹3 trillion in 2018, down 19.9%, making it the lowest since 2015. In the rupee bond segment, the financial sector accounted for 81.4% of the market with ₹2.4 trillion, down 6.5%. Issuance from the government and government agencies reached $2.3 billion, down 18.5% in proceeds from 2017, and accounted for 4.8% of the market share. The energy and power sectors followed close behind and rounded out the top three sectors with a 4% market share.

Source: Mint January 04, 2019 19:41 UTC