SBI Funds Management Ltd.

India's Top Asset Manager SBI Funds to File $1.5 Billion IPO in March

SBI Funds Management Ltd., India's largest asset manager, is set to file draft papers for an initial public offering (IPO) next month, which could be the biggest listing by an asset management company in the country. The IPO is expected to raise around $1.5 billion, according to people familiar with the matter. This move is seen as a significant development in India's financial sector.