GOOD
BUSINESS
SBI sells 1.42% stake for 1,655 crore in SBI Funds Management ahead of arm's IPO
The sale is part of the pre-IPO placement ahead of the proposed IPO
Pulse Bharat · Why it matters
Read the original at The Hindu · Business ↗
SBI has sold a 1.42% stake in SBI Funds Management for ₹1,655 crore, as part of the pre-IPO placement, affecting SBI's financial interests and potentially its investors.