SBI Cards gets board approval to raise up to Rs 2,000 cr via bonds
The company said it will raise the money in one or more tranches over a period of time
 "This decade-old Sebi guideline is holding up much-awaited SBI Cards IPO")
SBI Cards and Payment Services Ltd (SBI Card) on Friday said it has received the board's nod to raise up to Rs 2,000 crore by issuing bonds.
"The board of directors of the company, at its meeting held today (Friday), has approved raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore," it said in a regulatory filing.
The company said it will raise the money in one or more tranches over a period of time.
(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.)
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First Published: Mar 12 2021 | 8:59 PM IST