Mumbai: Prashanthi Balamandira Trust (PBT), a public charitable non-profit organisation,launched its public issue on the Social Stock Exchange on March 19 in a bid to raise INR 18 crore. The issue is India’s largest SSE issue yet on the National Stock Exchange – SSE platform.
SSE is an electronic fundraising platform that aims to enlist social enterprises and voluntary organisations, enabling them to raise funds through the issue of Zero Coupon Zero Principal Bonds bonds under the regulatory framework of the Securities and Exchange Board of India.
The funds raised will be utilised towards establishing state-of-the-art emergency and trauma care wing in the upcoming 600-bed world’s largest free-of-charge hospital at Sathya Sai Grama, Muddenahalli near Bengaluru.
PBT provides free of charge education and healthcare to underserved communities. The SSE issue is an attempt to widen the ambit of PBT’s goal of uplifting human lives by facilitating education and healthcare. R K Subramanya, trustee of the PBT said, “Emergency care saves lives. Yet in resource-limited settings, care is often compromised due to lack of funds. Providing access to high quality medical care, free-of-charge to all those in need, is our mission.”
The issue, which opened on March 19, closes on March 24.
