This decade-old Sebi guideline is holding up much-awaited SBI Cards IPO

Topics Sebi | SBI Cards | IPO

A regulatory guideline introduced more than a decade ago has resulted in an inadvertent delay in one of the most eagerly awaited public share sales.  The Securities and Exchange Board of India (Sebi) has held back from giving its observations on the draft prospectus of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI).  The offer document was filed with the regulator in November, and the company completed its global roadshows by early January, expecting to hit the market the same month.  However, the regulator kept the share sale in abe.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.