SBI Card to raise ₹3,000 crore from debentures; check details
This fundraising would be done through private placement in one or more tranches over a period of time, SBI Cards said.
SBI Card on May 30 said it plans to raise up to ₹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 ₹3,000 crore would be taken in June 5 board meeting, SBI Card said in a regulatory filing.
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