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Asia

SBI Funds raises Rs 1,655 crore in a pre-IPO placement

Markets-Economic Times · 1d ago · 🇮🇳 India

SBI Funds raises Rs 1,655 crore in a pre-IPO placement

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.

Read the full story at Markets-Economic Times →

EUROS aggregates the world's financial press. The full article lives with the newsroom that reported it.

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