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The Economic Times
The Economic Times

SBI Funds IPO anchor book draws Capital Group, BlackRock, Goldman, GIC

SBI Funds SBI Capital Group IPO India State Bank of India

The Capital Group Inc., BlackRock Inc., Fidelity Investments and Goldman Sachs Asset Management L.P. are among key investors that participated in the anchor book of SBI Funds Management Ltd., which was subscribed more than 20 times before the company’s initial public offering, according to people familiar with the matter.

Sovereign wealth funds including Abu Dhabi Investment Authority, Singapore’s GIC Pte. and Norway’s Norges Bank Investment Management also submitted bids in the anchor tranche, the people said, asking not to be identified because the information is private. The offering also attracted strong demand from India’s leading mutual funds and insurance companies, they said.

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