The issue size was earlier planned at ₹11,693 crore but was reduced after SBI last week raised ₹1,655 crore from a group of investors. At the higher end of the price band, the company is valued at ₹1.2 lakh crore

SBI Funds Management raises ₹1,655 crore through pre-IPO placement ahead of its offering priced at ₹545-₹574 per share.

SBI sells 1.42% stake in SBI Funds Management for ₹1,655 crore ahead of its upcoming IPO.

SBI Funds Management secured ₹1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company's upcoming public offering. The asset manager's…

SBI Funds Management plans a ₹11,693 crore offer for sale, reducing promoter stake to 88%. The company manages ₹29.46 lakh crore across various investment funds. Revenue and net…