SBI Capital Markets

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

Market sources say the government plans to offload around 12 per cent stake through the IPO

Shortlisted bidders to be intimated on August 8; advisor SBI Caps says no debt taken for any of the units will be transferred

The broking business of the SBI group is managed by SBI Caps Securities, a wholly owned subsidiary of SBI Capital Markets