BENGALURU, Feb 20 (Reuters) – The $1.25 billion preliminary public providing (IPO) of SBI Playing cards and Fee Providers, the bank card arm of State Financial institution of India (SBI) SBI.NS, will open on March 2, in keeping with its prospectus.
The corporate plans to problem new shares value 5 billion rupees and can provide as much as 130.5 million shares on the market, the prospectus, dated Feb. 18, confirmed.
The bidding course of will shut on March 5.
(Reporting by Chris Thomas in Bengaluru; Enhancing by Shounak Dasgupta)
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