SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth.
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The decision to consider and approve the proposal for raising funds through the issuance of non-convertible debentures aggregating to Rs 3,000 crore would be taken in June 5 board meeting, SBI Card said in a regulatory filing.
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This fundraising would be done through private placement in one or more tranches over a period of time, it added.