UPDATE 1-Carlyle Group set to make bumper profit from SBI Cards IPO
SBI Cards and Payment Services,
the credit card arm of State Bank of India (SBI), aims
to raise roughly 90 billion rupees ($1.25 billion) in an initial
public offering, according to a source familiar with the matter,
in a deal set to make a bumper profit for U.S private equity
firm Carlyle Group.
the credit card arm of State Bank of India (SBI), aims
to raise roughly 90 billion rupees ($1.25 billion) in an initial
public offering, according to a source familiar with the matter,
in a deal set to make a bumper profit for U.S private equity
firm Carlyle Group.
Posted by Reuters
