MoneyWorks4Me

SBI Cards planning to raise Rs 2,500 crore via NCDs

01 Jun 2022 Evaluate

SBI Cards and Payment Services (SBI Card) is planning to raise funds through issuance of Non-Convertible Debentures (NCDs) aggregating to Rs 2,500 crore in one or more tranches over a period of time. The Board of Directors of the Company is scheduled to be held on June 6, 2022, inter alia, to consider and approve the same. 

SBI Cards and Payment Services is a payment solutions provider in India.

Peers