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Topic: asset-management

The Mumbai skyline at night
New Business
Friday, 7/17, 04:32 AM

India's biggest IPO of the year draws $31bn in bids

  • SBI Funds Management, India's largest asset manager, drew bids worth about $31 billion in its stock market debut, one of the country's most heavily oversubscribed offerings.
  • Institutions drove the frenzy, a sign of confidence in India's markets before even larger listings to come.

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