SBI Card says IPO process initiated, decision on timing to hit mkt at appropriate time

As per the request for proposal for book running lead managers (BRLMs) floated by the SBI Card, the company intends to tap capital markets via IPO through #39;offer for sale#39; by dilution of up to 14 per cent of the issued and paid up capital (up to 13.05 crore) equity shares and primary issuance of up to Rs 1,000 crore.

from Moneycontrol Business News https://ift.tt/2MSaqTg