SBI Funds Management Sets $12.24 Billion Valuation for India IPO
businessworldindia 3 posts · 3 accounts
SBI Funds Management has set a $12.24 billion valuation for an initial public offering in India.
The fund’s largest shareholders, SBI and Amundi, will sell stakes in the offering to raise up to 116.9 billion rupees ($1.22 billion), marking the country’s first billion-dollar IPO of the year.
From the sources (3 posts)
@businessSBI Funds Management’s biggest investors are seeking to raise as much as 116.9 billion rupees ($1.22 billion) in what’s expected to be India’s first billion-dollar IPO of the year
@reutersSBI Funds Management seeks $12.24 billion valuation in India IPO
@financialxpressSBI Funds Management IPO: Why SBI and Amundi are monetising massive stakes & what changes for investors