Business

SBI Funds Management IPO Sees Strong Investor Demand Ahead of Listing

Mumbai: The much-awaited Initial Public Offering (IPO) of SBI Funds Management, India’s largest asset management company, has witnessed an overwhelming response from investors, reinforcing confidence in the country’s growing mutual fund industry. The ₹9,813-crore IPO, which opened for subscription from July 14 to July 16, was subscribed nearly 42 times, making it one of the […]