SBI Funds Management files IPO papers with Sebi
SBI Funds Management on Thursday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
SBI Funds Management on Thursday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The company's maiden public offering is completely an offer for sale (OFS) of up to 20.37 crore equity shares with no fresh issue component, according to the draft red herring prospectus (DRHP).
The issue includes stake sales by promoters, State Bank of India and Amundi India Holding.
