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SBI's credit card business aims to raise $1.1 billion via IPO: source

Friday, August 30, 2019, 8:09 AM

SBI has already tapped-banks to run the IPO-process and listing is expected to happen in the last-quarter of this financial-year, bank-officials have previously said. "Roughly about an 8%-stake will be divested and after seeing the valuations and inputs we are getting it would translate to 80-billion-rupees," said source-directly involved in the process, who asked not to be named as the details are not public.