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VERIFIEDET Markets·positive

Prashant Jain, other top investors pick Rs 1,655 crore stake in SBI Funds Management pre-IPO deals

AI Summary
  • ·SBI Funds Management raised Rs 1,655 crore by selling a 1.42% stake in pre-IPO deals.
  • ·Thirty marquee investors, including Prashant Jain-led 3P India Equity Fund I, participated in the placement.
  • ·The fundraising precedes SBI Funds Management's Rs 11,692.91-crore IPO opening on July 14.
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