scorecardresearchSBI shelves plan to list mutual fund arm as market stays volatile

SBI shelves plan to list mutual fund arm as market stays volatile

Updated: 24 Jun 2022, 10:26 AM IST
TL;DR.
On December 15, SBI announced plans to offload a 6% stake of the Bank in SBI Funds Management through an IPO route
According to earlier reports, SBI was looking to raise between $800 and $1 billion and had even appointed investment bankers for a potential listing

According to earlier reports, SBI was looking to raise between $800 and $1 billion and had even appointed investment bankers for a potential listing