/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
SBI is in discussions with its French partner on the contours of a near Rs 20,000-crore listing of the mutual fund house. But challenges in the form of a unique shareholder agreement and the recent poor performance of the AMC could derail plans.
SBI Mutual Fund has revived its plan for a public listing, according to two people with direct knowledge of the matter, who declined to be identified due to the sensitive nature of the information.
“Currently, talks for an IPO are on between the sponsors of the mutual fund. In principle, everyone seems to be on board,” says one of the persons quoted above.
The fund house is primarily backed by the State Bank of India, with a 62.2% stake. French asset management company Amundi is the other backer, owning 36.5% of the fund house’s shares.
So far, as part …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
As retail interest in public issuances fades, mutual funds are filling the gap—funding promoter exits and delivering subpar returns to the very investors they represent.
