Economic TimesLean R·
SBI Funds makes strong D-St debut, ends 6.3% above IPO price
Mumbai: SBI Funds Management, India's largest mutual fund by assets, made its stock market debut on Tuesday at ₹613.30 on the NSE, a premium of 6.85% over its initial public offering price of ₹574 per share. The stock closed at ₹610.15 on the NSE, up 6.30% after hitting a high of 624.95.At Tuesday's closing, the asset manager's market capitalisation stood at ₹1.24 lakh crore. The market value of ICICI Prudential Asset Management, the second largest mutual fund, was at ₹1.55 lakh crore.SBI Funds…
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