Sbi Funds Raises Rs 1655 Crore In A Pre Ipo Placement
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Economic TimesVerified Publisher
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 ₹11,693 crore IPO is the largest public issue scheduled for 2026. PI Opportunities Fund-II and Enam's Akash Manek Bhanshali were among the significant investors. The transaction involved selling a 1.42% stake at ₹574 per share. According to SBI's exchange filing, the bank signed agreements on July 9 to sell a 1.42% stake in SBI Funds Management at ₹574 per share, the upper end of
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 ₹11,693 crore IPO is the largest public issue scheduled for 2026. PI Opportunities Fund-II and Enam's Akash Manek Bhanshali were among the significant investors. The transaction involved selling a 1.42% stake at ₹574 per share.
According to SBI's exchange filing, the bank signed agreements on July 9 to sell a 1.42% stake in SBI Funds Management at ₹574 per share, the upper end of the IPO price band. The transaction is expected to be completed on July 10.
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