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Aditya Birla Sun Life Asset Management Company (AMC) has received final approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
Senior officials in the fund house confirmed the development, but did not give a time frame for the launch of the IPO.
“With the clearance we will come out with the IPO very soon,” said the official.
Sources say that the IPO size could be around Rs 2,000 crore and this will value asset managers at nearly Rs 15,000 crore.
The fund house had filed its draft red herring prospectus (DRHP) with the
