SBI Card trades higher on raising Rs 650 crore through NCDs

SBI Cards and Payment Services is currently trading at Rs. 908.45, up by 1.75 points or 0.19% from its previous closing of Rs. 906.70 on the BSE.

The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 914.35 and Rs. 900.25 respectively. So far 46815 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 830.00 on 24-Dec-2020.

Last one week high and low of the scrip stood at Rs. 919.95 and Rs. 860.05 respectively. The current market cap of the company is Rs. 85674.88 crore.

The promoters holding in the company stood at 69.37%, while Institutions and Non-Institutions held 22.78% and 7.86% respectively.

SBI Cards and Payment Services (SBI Card) has raised Rs 650 crore through Unsecured, Rated, Taxable, Redeemable, Senior, Listed Non-Convertible Debentures (NCDs) and allotted 5.82% p.a.,6500 NCDs having face value of Rs 10,00,000 each, at par.

Date of maturity of said NCDs will be December 24, 2024. Stakeholders’ Relationship and Customer Experience Committee of the Company has approved the same.

SBI Cards and Payment Services is a payment solutions provider in India.

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