SBI Funds Management secures Rs 2,663 cr from anchor investors; IPO opens Tuesday

NEW DELHI: (Jul 14) SBI Funds Management has raised Rs 2,663 crore from anchor investors with the issue attracting strong participation from global and domestic institutional investors.

The company’s Rs 9,795-crore initial public offering (IPO) opens for subscription on Tuesday.

The asset management firm allocated 4,63,93,095 equity shares to 129 funds at Rs 574 per share, the upper end o