SBI sells 1.42% stake for ₹1,655 cr in funds management
after close1 source ↓written by the desknot a recommendation
- in SBI Funds
- 1.42% stake
- to 30 investors
- ₹1,655 cr
- 30 investors
- ₹574 per share
- IPO opens
- ₹11,600 cr
- and closes
- 14 July
State Bank of India (SBI) has sold a 1.42% stake in SBI Funds Management Ltd for ₹1,655 cr to 30 investors at ₹574 per share, the upper limit of the IPO price band. The ₹11,600 cr IPO opens on 14 July and closes on 16 July. This move is part of an Offer for Sale by SBI and Amundi India Holding.
Not investment advice. For informational purposes only.