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SBI planning to dilute stake in credit card subsidiary via IPO
short by Anushka Dixit / on 15 Aug 2019,Thursday
The State Bank of India on Wednesday said it is planning to dilute stake in its credit card subsidiary, SBI Cards and Payment Services, through an initial public offering. SBI had received in-principle approval from its central board to list SBI Card. It currently holds 74% stake in SBI Card and will now seek regulatory approval to sell the stake.
short by Anushka Dixit / 08:45 pm on 15 Aug
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