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SBI Card plans to raise Rs 3,000 cr from debentures to fund business growth

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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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: May 30 2023 | 10:43 PM IST


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