SBI Funds Management Lists at 7% Premium, Enriches Employees on Debut

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SBI Funds Management made a strong stock market debut on Indian exchanges, listing at a notable premium over its IPO price. The stock opened at Rs 610 on the BSE, reflecting a gain of 6.27% from the issue price of Rs 574. On the NSE, it listed at a slightly higher Rs 613.30. The strong listing translated into significant wealth creation for certain employees of the asset management firm, turning some into crorepatis. The debut signals robust investor confidence in SBI Funds Management's market entry.

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