SBI Funds Management hires nine banks for $1.4 billion IPO: report
SBI Funds Management has roped in nine financial institutions to guide its planned initial public offering (IPO), Bloomberg reported, citing sources. The IPO is expected to raise around $1.4 billion in the first half of 2026. The advisory group includes Kotak Mahindra Capital, ICICI Securities, SBI Capital Markets, Motilal Oswal Investment Advisors, Axis Bank, JM…