India's SBI Funds sells shares worth $279 million to anchor investors in IPO

Life Insurance of India

13/07/2026 19:37

July 13 (Reuters) - India's largest asset manager, SBI Funds Management SBIA.NS, said late Monday it sold shares worth 26.63 billion rupees ($278.50 million) to anchor investors in its initial public offering.
The shares were allocated at 574 rupees, the upper end of the IPO price band, SBI Funds said in a filing.

($1 = 95.6200 Indian rupees)

 (Reporting by Chris Thomas in Mexico City; Editing by Shailesh Kuber)
 ((chris.thomas@thomsonreuters.com;))