Rs 40,000 cr rail projects gather steam in Telangana

Tamil Nadu-based Stalwart People Services has filed its DRHP with Sebi to raise Rs 150 crore through a fresh issue of shares, alongside an offer for sale by promoters. The security, facilities management and staffing services company plans to use the proceeds for working capital, debt repayment and general corporate purposes.

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SBI Funds Management, India’s largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes a larger ₹11,400 crore issue, slated for July. The entire IPO will be an offer for sale, with existing shareholders State Bank of India and Amundi India offloading shares. The…