SBI Card plans to raise Rs 3,000 cr from debentures
SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth.
)
This fundraising would be done through private placement in one or more tranches over a period of time, it added. Image Courtesy: PTI
SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth.
The decision to consider and approve the proposal for raising funds through the issuance of non-convertible debentures (NCDs) aggregating to Rs 3,000 crore would be taken in June 5 board meeting, SBI Card said in a regulatory filing.
This fundraising would be done through private placement in one or more tranches over a period of time, it added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
