SBI Mutual Fund files for Rs. 13,500 crore IPO

SBI Mutual Fund has filed draft papers for its much-anticipated initial public offering, expected later this year.

The IPO will involve stake sales by its sponsors, State Bank of India and Amundi, who plan to divest 6.3% and 3.7% holdings respectively.

The issue is expected to raise around Rs. 13,500 crore, making it one of the largest offerings in the asset management space. Several leading investment banks have been appointed to manage the transaction.

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