State Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the company. SBI Funds Management's initial public offering will open for bids on July fourteenth. The asset manager seeks a valuation of up to 1.17 trillion rupees. The company's shares are expected to list on Indian stock exchanges on July twenty-first.
State Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the company. SBI Funds Management's initial public offering will open for bids on July fourteenth. The asset manager seeks a valuation of up to 1.17 trillion rupees. The company's shares are expected to list on Indian stock exchanges on July twenty-first.
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