SBI Funds IPO Launch
State Bank of India completes pre-IPO stake sale for its asset management arm, setting valuation benchmarks ahead of the July public offering.
Follow this newsroom
Get a push when something new happens here — high-importance only.
Pulse
30D intensity · score 1.8
- Velocity2.0/day
- Sources0
- Markets2
- UPDATESBI raises ₹1,655 crore in pre-IPO stake sale for asset management arm
State Bank of India sold a 1.42% stake in SBI Funds Management to 30 investors, setting a valuation benchmark ahead of the July 14 public offering.
- MARKETSBI Mutual Fund IPO opens July 14, price band due Friday
India's largest asset manager moves to list as Amundi prepares to offload stake in the $1.2 billion offering backed by sovereign wealth funds.