SBI FPO likely in December 2007

November 8, 2007

The much awaited follow-on public offer (FPO) of State Bank of India (SBI) is likely to open for subscription in December this year. SBI which is the largest Bank in India in terms of deposits and advances had earlier stated its intentions to go for a Rs. 15,000 crore FPO. SBI is waiting for ammendments to the SBI act, to go in for a FPO issue. Next year SBI plans to enter the General insurance bussiness and also start 7 other businesses.

Posted in Bank IPO