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SBI Cards and Payment Services' $1.25 billion-IPO to open on March 2

The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale

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1 min read Last Updated : Feb 20 2020 | 12:03 PM IST

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 500 crore and will offer up to 130.5 million shares for sale, the prospectus, dated Feb. 18, showed.The bidding process will close on March 5.

Topics : SBI Cards IPOs initial public offerings

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