SBI Funds Management raises ₹1,655 crore through pre-IPO placement

· thehindubusinessline.com

SBI Funds Management raises ₹1,655 crore through pre-IPO placement ahead of its offering priced at ₹545-₹574 per share.

SBI Funds Management, the largest asset management company in India, has raised ₹1,655 crore through pre-IPO (Initial Public Offering) placement on Friday.

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