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SBI Cards debuts with weak listing at 13% discount

On Monday, the shares of SBI Cards and Payments Services Ltd made a weak debut on the stock exchanges. The shares opened at Rs 658, down 12.8% from its issue price of Rs 755 per piece. At 10:00 am, the script was trading 10% less than its issue price at 680.45 on the BSE. The SBI card listing took place at a time when global financial markets are upset by fears of the economic impact of the coronavirus which has killed more than 6,000 people so far.

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