Branch² Intelligence
SBI to sell 1.42% stake in SBI Funds in pre-IPO deal
Key takeaway
SBI sells 1.42% stake in SBI Funds Management at ~₹1.17 lakh crore valuation ahead of IPO.
- Step 1SBI sells 1.42% stake in SBI FM at ₹1.17 lakh crore valuation.
- Step 2Pre-IPO placement provides liquidity to SBI and sets a valuation floor for the IPO.
- Step 3IPO listing on July 21 may unlock further value for SBI and attract institutional investors to the asset management sector.
Source: IN:Economic Times
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