SBI shares rise 3.4% on mutual fund IPO filing
after close1 source ↓written by the desknot a recommendation
- to ₹1
- 3.4%
- in assets
- ₹12.63 lakh crore
- equity shares
- 20.37 crore
State Bank of India (SBI) shares surged 3.4% to ₹1,085 on March 20, following the filing of IPO papers by SBI Mutual Fund with SEBI. The fund, with ₹12.63 lakh crore in assets under management, is set to offer 20.37 crore equity shares in an entirely offer-for-sale IPO. This move may enhance SBI's market position in the asset management sector.
Not investment advice. For informational purposes only.