Wednesday, May 31, 2023

SBI Mutual Fund IPO: Big update on SBI Mutual Fund revealed by SBI Chairman

SBI Mutual Fund: If you are also waiting for SBI Mutual Fund IPO to invest in the stock market, then you will have to wait longer for this. Yes, for some reason its IPO will come after a few days. Giving information, State Bank of India (SBI) Chairman Dinesh Kumar Khara said that the plan to sell the shares of the mutual fund unit of the bank has been postponed for the time being.

IPO postponed due to Ukraine-Russia war
In February, the country’s largest asset manager SBI Mutual Fund IPO selected seven merchant bankers to launch a $1 billion IPO. SBI MF has assets worth around Rs 6.5 lakh crore under its management. After Russia’s attack on Ukraine, the market fluctuated, due to which IPO plans were put on hold.

Announcing the sale of 6 percent stake,
Khara told the media on the sidelines of the National Banking Conference, “There is no plan to list SBI Mutual Fund as of now. Without giving any reason, he said that the IPO plan is currently on hold. SBI announced the sale of a 6 percent stake in SBI MF through IPO on 15 December 2021. SBI holds a 62.6 percent stake in SBI Mutual Fund. The remaining 36.8 percent is held by French insurer Amundi Asset Management.

Read More: Digital Currency: Notes will be closed in the future! RBI did a pilot test of digital currency, what will be the benefit?

ūüĒ•ūüĒ•¬†Join Our Group For All Information And Update, Also Follow me For Latest InformationūüĒ•ūüĒ•
ūüĒ•¬†YouTube ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Click Here
ūüĒ•¬†Facebook Page ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Click Here
ūüĒ•¬†Instagram ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Click Here
ūüĒ•¬†Telegram Channel¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Click Here
ūüĒ•¬†Google News ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Click Here
ūüĒ•¬†Twitter ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Click Here


Please enter your comment!
Please enter your name here

Most Popular


RBI made a major decision about digital currency involving these banks

The Central Bank Digital Currency (CBDT), which was introduced as a pilot program on Tuesday, is being gradually expanded to new banks and locations,...

Nikki Tamboli displayed her boldness in an overly-showing bikini!

In the world of television, Nikki Tamboli is a well-known figure. Her television credits include Bigg Boss and Khatron Ke Khiladi. Nikki is renowned...

Central employees to get Rs 108000 soon! wait for this day

If you work for the federal government or have a family member who does, you will be pleased to hear of the 7th Pay...

Complete this Aadhaar Card task before 14 June! else you’ll be fined

In India, the Aadhaar card is one of the most significant legal papers. Aadhaar cards are used by people for a variety of tasks....

You’ll get an income tax notice if you put Rs 2000 notes into account! know the truth

The Reserve Bank of India has decided to stop issuing Rs 2000 notes. Since then, individuals have been going to the bank to exchange...

Most Popular


* indicates required