SBI Cards wins $1.3bn IPO nod, readies March listing

By Jonathan Breen
17 Feb 2020

SBI Cards and Payment Services is preparing to launch its IPO of up to Rp95bn ($1.3bn) in the first week of March after getting the go ahead from the market regulator, according to a source close to the deal.

The company set the ball rolling for its IPO in November 2019, with plans to hit the market with its flotation in February. But the transaction was delayed by a Securities and Exchange Board of India investigation into SBI Mutual Fund, an associate of SBI Cards, around ...

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