SBI Mutual Fund IPO slated for this year; gears to raise $1 billion
SBI Mutual Fund, whose current value is around $7 billion, could raise about $1 billion from the public offering
BusinessToday.In | February 27, 2021 | Updated 14:35 IST
SBI s mutual fund is the largest in India with Rs 5 lakh crore ($68.4 billion) of assets under management, according to its website
The State Bank of India (SBI) Mutual fund is reportedly preparing for an IPO this year. The country s largest lender will kick off the IPO process of its mutual fund joint venture in the next few months after asking investment banks for proposals and holding discussions with its board and shareholder Amundi Asset Management, Bloomberg agency reported on Friday.