SBI Funds Management eyes ₹2,000 cr pre‑IPO placement ahead of ₹11,400 cr sale
India’s biggest mutual‑fund house will sell up to ₹2,000 cr of shares in a pre‑IPO placement, part of a larger ₹11,400 cr offer‑for‑sale slated for July. The sale represents about 10% of equity, with SBI offloading 12.8 cr shares and Amundi 7.5 cr, setting a valuation around ₹1.68 lakh cr.