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SBI Cards allots shares worth nearly Rs 2,800 crore to anchor investors

The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.

Topics
SBI Cards | initial public offerings IPOs | Anchor investors

Samie Modak  |  Mumbai 



IPO, markets
The largest public sector bank is offloading a 4 per cent stake in the IPO, while Carlyle will sell a 10 per cent stake

and Payment Services (SBI Cards), a subsidiary of State Bank of India (SBI), has allotted nearly Rs 2,800 crore worth of shares to ahead of its initial share sale, starting on Monday.

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First Published: Sat, February 29 2020. 09:54 IST

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