SBI Card plans to raise up to Rs 2,000 cr through issuance of debt securities

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

migrator

Updated:8th Mar, 2021 at 2:41 PM

New Delhi

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 to Rs 2,000 crore, SBI Card said in a regulatory filing.

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

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

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

SBI Card plans to raise up to Rs 2,000 cr through issuance of debt securities

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

Also Read

Missing ‘brother’ and no phone call fuel buzz over DMK-Congress ties

T20 World Cup: Samson powers chase, India beat West Indies by five wickets to seal semifinal spot

Don’t underestimate TVK: Chodankar

Government that robs the poor has no right to rule: PM on DMK

Nominations for Rajya Sabha polls resume on March 2