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SBI Cards may be the largest IPO of FY20: All you need to know

Updated : November 29, 2019 11:41 AM IST

State Bank of India has filed an initial draft with the market regulator Sebi to sell up to 4 percent stake in its credit card venture SBI Cards and Payments Services.
It is looking to raise around Rs 9,600 crore through an initial public offering (IPO) under the offer-for-sale route.
While Carlyle is looking to sell 10 percent stake via the IPO, SBI would sell 4 percent stake in the company.
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