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    Sonal Shridhar Shinde in News

    03-Nov-2022 12:04 PM


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    When is SBI Mutual Fund IPO coming? Big update shared by SBI Chairman, investers must read

    State Bank of India chairman Dinesh Kumar Khara said the planned share sale of the bank's mutual fund subsidiary has been shelved for the time being.
    SBI holds a 62.6 percent stake in SBI Mutual Fund, while the remaining 36.8 percent is with the leading French insurer Amundi Asset Management which was planning to offload 4 percent of its holding.
    SBI had reportedly selected seven i-bankers -- BofA Securities, Citi, HSBC Securities, Axis Capital, Kotak Capital, SBI Caps, and BNP Paribas -- for the share sale.
    In an Rs 8,400-crore share sale, the IPO was oversubscribed 3.58 times.
    "There is a healthy demand in the housing sector despite rising rates.
    Source: Zeenews
    #SBIMutualFund #IPO