SBI Mutual Fund Gets SEBI Clearance To Launch IPO

SBI Mutual Fund has received SEBI approval to launch its initial public offering. The IPO will allow promoters State Bank of India and Amundi India Holding to pare their stakes in the asset management company. This marks a significant step toward listing one of India's largest mutual fund houses on the stock exchanges. The offering is expected to attract strong investor interest given the fund's scale and market position.