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VERIFIEDET Markets·neutral

SBI to sell 1.42% stake in SBI Funds in pre-IPO deal

AI Summary
  • ·State Bank of India is selling a 1.42% stake in SBI Funds Management.
  • ·SBI Funds Management's IPO will open on July 14th.
  • ·The asset manager is seeking a valuation of up to 1.17 trillion rupees.
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