SBI Funds Management seeks $13-$15 billion valuation in $1.5bn IPO
NewsBytes | April 24, 2026 5:40 PM CST
Nine banks lead SBI Funds IPO
Nine banks, including Kotak Mahindra Capital and HSBC, are leading the charge on this IPO.
SBI Funds is jointly owned by State Bank of India and Amundi SA; both are selling part of their stakes (6.3% from SBI, 3.7% from Amundi), but no new shares are being created.
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