Branch² Intelligence
SBI’s OFS size in SBI MF IPO reduces by 2.88 crore equity shares following secondary share sale
Key takeaway
SBI reduces OFS size in SBI Mutual Fund IPO by 2.88 crore shares after a secondary sale.
- Step 1SBI reduces OFS size by 2.88 crore shares in SBI Mutual Fund IPO due to prior secondary sale.
- Step 2Lower OFS reduces SBI's divestment proceeds, impacting its capital position and potential lending capacity.
- Step 3Reduced IPO size may dampen investor sentiment for mutual fund IPOs, affecting future fund-raising by asset management companies.
Source: IN:The Hindu BusinessLine
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