Sidbi to raise ₹10,000 crore from rights issue next fiscal to expand equity capital

[Bilgin]

Sidbi to raise ₹10,000 crore from rights issue next fiscal to expand equity capital The proposed rights issue will be carried out in two tranches of ₹5,000 crore each next fiscal to expand its capital base by ₹10,000 crore and support the growing balance sheet, which is expected to rise by a quarter from the present, Sidbi chairman and managing director Sivasubramanian Ramann said