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State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to Rs 60,000 crore in the current fiscal through the issue of debt instruments. The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing. Shares of SBI were trading at Rs 1,040.25, up 1.39 per cent over previous close on BSE.
Travel tech platform Easy Trip Planners Ltd on Wednesday said its board has approved raising Rs 500 crore through a rights issue. The board of directors has approved the issuance of equity shares on a rights basis for an amount not exceeding Rs 500 crore, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Fully paid-up equity shares of face value of Re 1 each will be issued as security, but the number of securities proposed to be issued and the issue price will be determined after finalisation of the terms of the rights issue by the board, as recommended by the rights issue committee, it added. The board has also approved the appointment of the necessary intermediaries in connection with the rights issue, the company said.