SBI MF files draft papers for 13k cr IPO

SBI MF files draft papers for 13k cr IPO

MUMBAI: SBI Mutual Fund, the largest fund house in India, on Thursday filed for its much-awaited public offering, expected later in the year. Through this offer, the two sponsors of the fund house-SBI and Amundi (of France)-are selling 6.3% and 3.7% stakes, respectively.The two sponsors of the fund house are expected to garner a total of about Rs 13,500 crore through the offer. Last year while allowing the fund house to go public, its board had set a Sept 2026 deadline to complete the process of the offering.Kotak Mahindra Capital, Axis Capital, ICICI Securities and SBI Capital Markets are among the nine bankers handling the offer, the draft prospectus showed

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