SIDBI


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AcronymDefinition
SIDBISmall Industries Development Bank of India
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References in periodicals archive ?
SIDBI has committed Rs 3,123.2 crore to 49 SEBI registered Alternative Investment Funds (AIFs).
Whatever may be the case, it is a fact that the company that was initially set up by a chartered accountant, a manufacturer and a venture capitalist, got an huge investment from SIDBI and renowned nationalised banks, that too within a short period of a few months.
Chief managing director of SIDBI, Mohammed Mustafa, said, 'SIDBI has been a pioneer in the micro-finance space by providing financial assistance in the form of equity/quasi-equity, term loans and grant support to MFIs, while also advocating and implementing various 'responsible' lending practices.'
Majority stake of SIDBI & big 5 PSBs- SBI, Bank of Baroda, PNB, Vijaya and Indian Bank.
Further provisions will be made as grant assistance through gross budgetary support by Department of Industrial Policy and Promotion ( DIPP) which will monitor and review performance in line with the ' Start up India Action Plan.' The statement said the expertise of SIDBI would be utilised to manage the day- to- day operations of the fund.
A major achievement for our portal has been to receive risk capital funding from the Small Industries Development Bank of India (SIDBI) recently.
The Small Industries Development Bank of India (SIDBI) has raised INR1.7bn through the sale of bonds, Dow Jones has reported, citing a person familiar with the matter.
Under this project, the SIDBI will also explore refinancing other banks and financial institutions for on-lending to SMEs.
'The bank is proposing to sell (i) 625,000 equity shares of face value INR10 each of NSDL e-Governance Infrastructure, which is 1.563 percent of the total paid-up equity capital with a floor price of `910 per share, (ii) 225,000 equity shares of NSDL which is 0.563 percent of the total paid-up equity capital at floor price of `860 per share, (iii) 400,000 equity shares of NSDL which is 1.00 percent of the total paid-up equity capital at floor price of INR860 per share, (iv) 4,800,000 equity shares of Sidbi which is 0.90 percent of the total paid-up equity capital with a floor price of `260 per share,' the bank said.
The company is at a very critical growth stage with the recent funding received from Burman and SIDBI Venture Capital.
"The Cabinet has approved the establishment of 'Fund of Funds for Startups' (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with SEBI which would extend funding support to startups," it said.
UNION finance minister Arun Jaitley on Tuesday launched two funds by Small Industries Development Bank of India ( SIDBI), a fund of funds with total corpus of ` 12,000 crore which is also expected to fire up startups.