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SIDBI plans to raise Rs 5,000 crore via rights issue next financial year

The bank is looking to mobilise Rs 5,000 crore from rights issue in the next fiscal, SIDBI chairman and managing director S Ramann said on the sidelines of launch of a credit programme for Jan Aushadhi Kendras here.

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SIDBI plans to raise Rs 5,000 cr via rights issue next financial year

SIDBI plans to raise Rs 5,000 cr via rights issue next financial year
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Govt introduces changes in startup definition, benefits to now flow for 7 years

Govt introduces changes in startup definition, benefits to now flow for 7 years
Govt introduces changes in startup definition, benefits to now flow for 7 years
The Government Has Introduced Minor Changes To The Startup Definition, Saying A Business Not Older Than Seven Years Will Now Qualify For Benefits Under The Startup India Action Plan.
PTI
| Updated on: 26 May 2017, 12:25:25 AM
New Delhi:
The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan.
So far, only companies up to five years from the date of incorporation were eligible for concessions under the plan announced last year. As per the new definition, an entity shall be considered as a startup if its turnover is less than Rs 25 crore—which remains unchanged—and has not completed seven years from the date of its incorporation/registration.

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