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.

Related posts:

1. Axis Bank IPO / FPO expected soon Axis Bank IPO / FPO is expected in the next...
2. Rishabhdev Technocable FPO starts on June 4 Rishabhdev Technocable today announced that its follow-on public offer (FPO)...
3. Govt to sell 5% stake in NTPC through FPO NTPC Stake sale is being explored by the Govt according...

Related posts brought to you by Yet Another Related Posts Plugin.