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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.
Markets regulator Sebi on Friday permitted more charitable entities to raise funds through the Social Stock Exchange (SSE), in a bid to broaden access to the platform. In its latest circular, the regulator has widened the definition of Not-for-Profit Organizations (NPOs) eligible to list on the SSE. Under this expanded framework, legal structures such as trusts registered under the Indian Registration Act, 1908, charitable societies registered under the relevant state's Societies Registration Act, and companies registered under section 25 of the erstwhile Companies Act, 1956, will now fall within the definition of NPOs. To ensure accountability, Sebi has also outlined the reporting requirements for such entities. In cases where an NPO is registered without listing any security, the Annual Impact Report (AIR) need to be self-reported. This report should highlight the NPO's significant activities, interventions, programmes, or projects during the year, along with an explanation of th
Jain Irrigation Systems on Tuesday said it plans to raise up to Rs 500 crore by selling shares to institutional investors. In a regulatory filing on Tuesday, the company informed that the Board approved the company's plan to raise funds through Qualified Institutional Placement (QIP). "The Board approved the raising of funds by way of issuance of equity shares combination thereof, in one or more tranches ... for an amount not exceeding Rs 500 crore by way of Qualified Institutions Placement (QIP) ..," Jain Irrigation Systems said. The decision is subject to the receipt of such regulatory/statutory approvals as may be required, including the approval of the shareholders of the company. In July, Jain Irrigation Systems reported an 8.5 per cent fall in consolidated net profit to Rs 11.19 crore for the latest quarter ended June 2025. Its net profit stood at Rs 12.23 crore in the year-ago period. The total income rose to Rs 1,547.68 crore in the April-June period of 2025-26, from Rs ..