India's Largest AMC Trims IPO Target to ~$12B After 15-20% Valuation Cut

Unnamed Indian asset manager — likely SBI Funds Management — slashes listing valuation from $14-15B to ₹1.15-1.20 trillion amid cooler investor appetite and broader IPO market headwinds.

ndtv-profit-business · 7/2/2026, 10:49:57 AM · Ask about this →