SBI Funds Management has raised Rs 2,663 crore from anchor investors with the issue attracting strong participation from global and domestic institutional investors

SBI sold 1.42 per cent stake in its asset management arm SBI Funds Management for Rs 1,655 crore to 30 investors in a pre-IPO placement round. India's largest bank sold the stake at Rs 574 per share, which is also the higher end of the IPO price band.