New Delhi, July 11 (IANS) SBI Funds Management Ltd, whose Rs 11,693 crore initial public offering (IPO) opens on July 14, has dependence on assets under management (AUM), market volatility, concentration in a few mutual fund schemes, reliance on the SBI distribution network and regulatory changes among the key risks to its business, according to its Red Herring Prospectus (RHP).According to the company’s offer documents, its revenue and profitability are substantially dependent on quarterly aver…
Latest SBI Funds Management Ltd News & Updates
New Delhi, July 10 (IANS) SBI Funds Management Ltd — which is set to launch its initial public offering (IPO) next week — has disclosed in its Red Herring Prospectus (RHP) that it is unable to trace certain historical corporate records and warned that it cannot assure investors that no legal or regulatory action will be initiated in the future over the missing filings.”We are unable to trace certain secretarial records, including the form filings made by our Company and certain corporate recor…