5 stories mentioning NSE:SBIFUNDSUpdated 40d ago
Every FINWIRES story that references NSE:SBIFUNDS, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
SBI Funds Management (NSE:SBIFUNDS, BOM:544829) approved an additional investment of up to 250 million rupees in its wholly owned subsidiary, SBI Funds International (IFSC), according to a Monday exchange filing.The investment will be made through a rights issue to strengthen the subsidiary's share capital, the filing said.
Zepto postponed its initial public offering in India after prospective investors assigned the company a valuation of about $2.3 billion during last month's roadshow, about 68% below its previous valuation, Bloomberg News reported, citing people familiar with the matter.SBI Funds Management (NSE:SBIFUNDS, BOM:544829), India's largest mutual fund, and other domestic asset managers were willing to pay about 17 to 18 rupees a share in the anchor tranche, according to the report.Zepto and SBI Funds Management did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
SBI Funds Management is preparing to launch its first technology-focused private markets fund in partnership with venture capital firm 3one4 Capital Management, Bloomberg News reported, citing people familiar with the matter.The fund is expected to target $200 million, with the partners awaiting approval from the Securities and Exchange Board of India before its launch, the report said.SBI Funds Management did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
SBI Funds Management (NSE:SBIFUNDS, BOM:544829) closed 6.2% higher than its IPO price when it debuted on the Indian stock exchanges on Tuesday.The asset manager's shares closed at 609.75 rupees on Tuesday, valuing the company at 1.24 trillion rupees.The fund is a joint venture between State Bank of India (NSE:SBIN, BOM:500112) and French asset manager Amundi.
