World

SBI MF files draft papers for 13k cr IPO


SBI MF files draft papers for 13k cr IPO

MUMBAI: SBI Mutual Fund, the largest fund house in India, on Thursday filed for its much-awaited public offering, expected later in the year. Through this offer, the two sponsors of the fund house-SBI and Amundi (of France)-are selling 6.3% and 3.7% stakes, respectively.The two sponsors of the fund house are expected to garner a total of about Rs 13,500 crore through the offer. Last year while allowing the fund house to go public, its board had set a Sept 2026 deadline to complete the process of the offering.Kotak Mahindra Capital, Axis Capital, ICICI Securities and SBI Capital Markets are among the nine bankers handling the offer, the draft prospectus showed



Source link

Related posts

‘Rockets flying around’: Middle East war leaves England cricket short of Dukes balls | Cricket News

beyondmedia

$20 billion bet: ONGC eyes its oil exploration programme with deep-water drilling rigs; eye on energy security

beyondmedia

Father of AI Yann LeCun who told Mark Zuckerberg he will not leave Paris for California before joining Meta, says: EU politics is very different from US politics, unlike the US …

beyondmedia

Leave a Comment