SBI Cards and Payment Services Ltd approves allotment of NCDs for Rs. 750 crores

The Stakeholders' Relationship and Customer Experience Committee of SBI Cards and Payment Services Limited has approved the allotment of 750 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Subordinate Tier II, Listed, Non-Convertible Debentures ("NCDs") of the face value of Rs. 1,00,00,000 each, at par, under Series 35 aggregating to Rs. 750 crores, on private placement basis.

Shares of SBI Cards and Payment Services Limited was last trading in BSE at Rs. 731.55 as compared to the previous close of Rs. 729.70. The total number of shares traded during the day was 44157 in over 2312 trades.

The stock hit an intraday high of Rs. 735.10 and intraday low of 726.45. The net turnover during the day was Rs. 32269585.00.

Source : Equity Bulls

Keywords

SBICardsandPaymentServices INE018E01016 FundRaising NCDs PrivatePlacement