Sbimf & #8216;Unaware & #8217; Of Padmini Tech Past

The State Bank of India Mutual Fund (SBIMF) has claimed that it was not aware of the antecedents of Padmini Technologies when it purchased 34 lakh shares of the company in February 2000.

SBIMF managing director Niamatullah and his research department team said that the decision to invest in Padmini Technologies was based on expectation that the