The central government owns 20.8% in SIDBI, while the State Bank of India holds 15.65%, and Life Insurance Corporation 13.33%. The rest of the equity is held by other public financial institutions and banks. The shareholders will subscribe to the proposed rights issue. The lender’s loan growth optimism comes from the demand for direct financing that is growing by leaps and bounds, which two years ago was only 7% of its book but is now 14%.
Read more at: https://yourstory.com/2023/09/sidbi-rights-issue-capital-expansion-sme-loans
https://yourstory.com/2023/09/sidbi-rights-issue-capital-expansion-sme-loans