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The business landscape in India is buzzing this morning with several significant developments. The much-anticipated SBI Funds Management IPO opens today, July 14, with the issue size trimmed to Rs 9,812.91 crore as an offer for sale. Brokerages have largely recommended subscribing, citing market leadership and profitability, with a strong grey market premium (GMP) of around Rs 98 indicating potential for a robust listing. State Bank of India (SBI), holding a 61.86% stake, is expected to...
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