The public issue of Prashanthi Balamandira Trust on the Social Stock Exchange (SSE) is set to close on Monday as the Karnataka-based non-profit organisation aims to raise ₹18 crore through the offering that began on March 19.
The funds generated from the issuance of Zero Coupon Zero Principal Bonds (ZCZP) will be allocated towards the establishment of a modern emergency and trauma care wing in the forthcoming 600-bed free-of-charge hospital at Sathya Sai Grama, Muddenahalli near Bengaluru.
Individuals can subscribe to the issue with a minimum amount of ₹10,000. Trustee RK Subramanya emphasized, “Providing access to high quality medical care, free-of-charge to all those in need, is our mission, particularly in resource-limited settings where care is often compromised due to lack of funds.”
Prashanthi Balamandira Trust is known for its charitable services in offering free education and healthcare to underserved populations. Registered with the Social Stock Exchange of the NSE, the trust embodies values of transparency, good governance, and public accountability in its mission as a humanity-centric entity.
The closing date for the public issue is March 21, 2025.
