Top India Asset Manager Sets Price Range for $1.22 Billion IPO

🇮🇳 Bloomberg (IN) —

AI Summary

SBI Funds Management Ltd. is preparing for an IPO expected to raise up to $1.22 billion, marking India's first billion-dollar IPO of the year. The asset manager is setting a price range for the offering to its largest investors, signaling significant capital movement in Indian financial markets.

SBI Funds Management Ltd.’s biggest investors are seeking to raise as much as 116.9 billion rupees ($1.22 billion) in what’s expected to be India’s first billion-dollar IPO of the year.

World Markets Deals AI & Tech SBI Funds Management IPO India financial markets investment capital raising

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