SBI Card plans to raise up to Rs 2,000 crore
March 8, 2021
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One of the leading credit card issuers of India, SBI Cards and Payments Services Limited (SBI card) has announced today that it is planning to raise around Rs. 2000 Crores by issuing debt securities in one or more tranches.
SBI card has rolled out a massive IPO last year in 2020. A meeting of the board of directors of the card issuer will be held on March 12 (Friday) to approve the fund raiser using non-convertible debt securities.
The stocks of SBI card are trading at Rs 1,068.15 on the Bombay Stock Exchange, which is a hike of 0.93 per cent from the previous closing. The fund will be raised in a series of tranches over a period of time.
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