According to a Bloomberg report, India's top asset management firm, SBI Funds Management, plans to initiate its IPO during the week of July 13. The company intends to raise approximately $1.2 billion, which is equivalent to ₹11,426.4 crore. This public offering will be an Offer for Sale (OFS), involving a 6.3% stake divestment by SBI and a 3.7% stake sale by Amundi. Reports suggest the firm is aiming for a total valuation of $12.3 billion, or ₹1.17 lakh crore.

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