Mumbai: After a gap of four years, rights issues are poised to reclaim prominence in the world of corporate financing as Indian companies expand capacities and strengthen capital buffers for future acquisitions.About four dozen companies, including Indian Oil, Grasim, Tata Consumer, South Indian Bank, UPL, among others, have either declared or are contemplating rights issues to mobilise funds amounting to more than ₹50,000 crore.This resurgence follows a record-breaking achievement in 2020, when 20 companies collectively raised ₹65,000 crore.Indian Oil and Bharat Petroleum Corp. (BPCL), are looking to raise about ₹22,000 crore and ₹18,000 crore, respectively, through rights…
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