Money & Banking

SBI Card plans to raise up to ₹2,000 cr via debt securities

PTI New Delhi | Updated on March 08, 2021

SBI Cards and Payment Services Ltd (SBI Card) on Monday said it plans to raise up to ₹2,000 crore through issuance of debt securities in one or more tranches.

A meeting of the board of directors of the company is scheduled to be held on Friday (March 12) to consider and approve raising of funds by way of issuance of non-convertible debentures, aggregating up to ₹2,000 crore, SBI Card said in a regulatory filing.

Also read: Rama Mohan Rao Amara appointed MD and CEO of SBI Card

The funds will be raised in one or more tranches over a period of time, it said.

Stocks of SBI Card were trading at ₹1,068.15 apiece on BSE, up 0.93 per cent from its previous close.

Published on March 08, 2021

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