SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs

SBI Cards And Payment Services is currently trading at Rs. 926.00, up by 6.25 points or 0.68% from its previous closing of Rs. 919.75 on the BSE.

SBI Cards
SBI Cards

The scrip opened at Rs. 920.65 and has touched a high and low of Rs. 928.10 and Rs. 913.15 respectively. So far 16952 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 929.00 and Rs. 899.30 respectively. The current market cap of the company is Rs. 87214.83 crore.

The promoters holding in the company stood at 69.02%, while Institutions and Non-Institutions held 25.92% and 5.06% respectively.

SBI Cards and Payment Services has received approval from board of directors for raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs 3,000 crore in one or more tranches, on private placement basis. The Board of Directors of the Company, at its meeting held on June 5, 2023 has, inter alia, approved the same.

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