India's SBI Funds sells shares worth $279 million to anchor investors in IPO
13/07/2026 19:37
India's SBI Funds sells shares worth $279 million to anchor investors in IPO 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)
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