SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. The government-backed initiative seeks to draw private capital into India's maritime sector through a blended finance approach.
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. The move is supported by government equity and is intended to increase the availability of long-term, affordable capital for maritime projects.
SBI Funds Management is set to launch an offer for sale worth ₹11,693 crore. The move will reduce the promoter stake to 88 percent. The asset manager oversees ₹29.46 lakh crore in funds.
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Investors in SBI Funds Management's recent initial public offering stand to gain 10 to 15 percent when the shares begin trading. The offering drew strong demand, with subscriptions exceeding 41 times on the final day.
Pre-IPO placements are making a comeback in India after a quiet start to 2026. Companies are securing valuations and marquee investors ahead of public offerings. Several firms have already raised funds through this route.
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RBI Governor Sanjay Malhotra called on banks to treat micro, small and medium enterprises as key growth partners rather than mere compliance obligations. He made the remarks while addressing International MSME Day.