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SBI Funds' ESOPs mint fortunes for top executives

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Mumbai: Some of the top long-standing executives of SBI Funds Management have reaped a windfall following the listing of the country's largest asset manager on Tuesday. These officials were allotted Employee Stock Options (ESOPs), which are worth several crores in value after the fund house's stock market debut.Post-listing, joint chief executive officer Devinder Pal Singh holds 21.14 lakh shares, the highest among employees in the company, valued at ?128.9 crore. Additionally, Singh holds outstanding ESOPs of 5.19 lakh shares, valued at ?31.65 crore. A mutual fund industry veteran with over 31 years of experience, Singh has spent 25 years with…

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