SBI shares jump 3% after subsidiary SBI Funds Management files draft IPO papers

Shares of State Bank of India (SBI) rose sharply after its subsidiary SBI Funds Management filed draft IPO papers with Sebi for a pure offer for sale of 20.37 crore shares. Proceeds will go to selling shareholders, including SBI and Amundi India Holding.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.


Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003