SBI FPO Posponed

SBI’s follow on public offer which was expected to hit the market by the end of the year is postponed by the Finance Ministry.

Reasons for postponing the issue might be because of the recent volatility in the stock markets and also market sources believe that the Ministry is waiting for the merger process of at least two of SBI’s associate banks – State Bank of Saurashtra and State Bank of Patiala – to be completed, as it will improve valuations.

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