SBI Funds Management gets Sebi nod for IPO (opens original article in a new tab)

SBI Funds Management, India's largest mutual fund, has received Sebi approval to launch an IPO involving an offer for sale of 20.37 crore shares by existing shareholders. The issue is managed by several leading capital firms.

• SBI Funds Management received Sebi approval for IPO
• IPO will be an offer for sale of 20.37 crore equity shares by SBI and Amundi India Holding
• Book-running lead managers include Kotak Mahindra Capital, Axis Capital, and others