SBI Cards and Payment Services said the company's board of directors has approved raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs 2,000 crore in one or more tranches over a period of time.
The announcement was made after market hours on Friday, 12 March 2021. Shares of SBI Cards and Payment Services fell 1.12% to settle at Rs 1,015.55 on 12 March 2021.
The stock hit a 52-week high of Rs 1,149 on 24 February 2021. The stock hit a 52-week low of Rs 495.25 on 22 May 2020.
SBI Cards and Payment Services is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel and banking partnerships cards along with corporate cards covering all major cardholders' segments in terms of income profile and lifestyle.
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