Latest News | SBI Card to Raise Rs 3,000 Cr Via NCDs
Get latest articles and stories on Latest News at LatestLY. SBI Card on Monday said it would raise up to Rs 3,000 crore by issuing non-convertible debentures to fund business growth.
New Delhi, Jun 5 (PTI) SBI Card on Monday said it would raise up to Rs 3,000 crore by issuing non-convertible debentures to fund business growth.
The board approved the raising of funds by way of issuance of non-convertible debentures (NCDs), aggregating to Rs 3,000 cores in one or more tranches, SBI Card said in a regulatory filing.
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This fundraising would be done through private placement in one or more tranches over a period of time, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)