SBI Cards and Payment Services Limited approves NCD issue of Rs. 2500 crores

The Board of Directors of SBI Cards and Payment Services Limited, at its meeting held today, has approved raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs. 2,500 Crores in one or more tranches, on private placement basis.

Shares of SBI Cards and Payment Services Limited was last trading in BSE at Rs. 773.95 as compared to the previous close of Rs. 773.25. The total number of shares traded during the day was 16589 in over 1568 trades.

The stock hit an intraday high of Rs. 781.55 and intraday low of 762.00. The net turnover during the day was Rs. 12786464.00.

Source : Equity Bulls

Keywords

SBICardsandPaymentServices INE018E01016 FundRaising NCDs