SBI Funds Management, India’s largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes a larger ₹11,400 crore issue, slated for July. The entire IPO will be an offer for sale, with existing shareholders State Bank of India and Amundi India offloading shares. The fund house, holding a substantial market share, is valued highly in the unlisted market.
Warren Buffett sounds alarm as stock market warning returns for only second time in 155 years
Warren Buffett’s caution comes as the S&P 500’s CAPE ratio approaches levels seen only during periods of extreme valuations. While elevated readings can signal weaker