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Last Updated : Feb 20, 2020 12:00 PM IST | Source: Reuters

SBI's credit card business IPO to open on March 2

The company plans to issue new shares worth Rs 5 billion and will offer up to 130.5 million shares for sale, the prospectus, dated February 18, showed.

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The $1.25 billion initial public offering (IPO) of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI) , will open on March 2, according to its prospectus.

The company plans to issue new shares worth Rs 5 billion and will offer up to 130.5 million shares for sale, the prospectus, dated February 18, showed.

The bidding process will close on March 5.
First Published on Feb 20, 2020 11:45 am
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