SBI Funds Management is reportedly preparing to kick off its IPO as early as next week, seeking to raise up to $1.5 billion. About three quarters of the share sale would be reserved for domestic investors, while the company is also reportedly exploring a pre-IPO placement that could reach $350 million.
GIFT City has surged in fund-management presence, with over 70 new entities setting up shop last year and the total reaching 202. The puzzle now is workforce readiness: where will the qualified professionals to run, manage, and comply with these operations come from as the ecosystem expands at pace?
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