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Bullish on consumption story? SBI Cards IPO looks a good bet

image ET Intelligence Group: SBI Cards & Payment Services (SBI Cards), a credit card subsidiary of SBI will raise Rs 500 crore through fresh issue of shares and up to Rs 9,854 crore through offer for sale of existing shares. After the IPO, SBI’s shareholding will fall to 70 per cent from 74 per cent and that of CA Rover Holdings will reduce to 16 per cent from 26 per cent. Given its dominant position in the domestic credit cards market and strong parentage of SBI, the company is well-positioned to ..

Read more at:
https://economictimes.indiatimes.com/markets/ipos/fpos/bullish-on-consumption-story-sbi-cards-looks-a-good-bet/articleshow/74310958.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst..........................ET

26-Feb-2020