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SBI Funds Management seeks Rs 2,000 crore in pre-IPO round
SBI Funds Management, India's largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes a larger ₹11,400 crore issue, slated for July. The entire IPO will be an offer for sale, with existing shareholders State Bank of India and Amundi India offloading shares. The fund house, holding a substantial market share, is valued highly in the unlisted market.
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cryptobriefing.com
SBI Funds Management plans $1.2B IPO launching week of July 13
SBI Funds Management is preparing a $1.2 billion IPO launching the week of July 13, with State Bank of India and Amundi selling a 10% stake at a $12.3B
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economictimes.indiatimes.com
SBI Mutual Fund planning IPO launch on July 13, to raise $1.2 billion
SBI Mutual Fund is set to launch its IPO on July 13, with a likely $1.2 billion issue size, making it one of the biggest in Indias financial sector. The offer-for-sale issue will…
