SBI Board Approves IPO of SBI Funds Management; PSU Lender to Sell 6.3% Stake

SBI, Amundi to divest 10% stake in SBI Funds Management via IPO

Both the promoters of SBIFML have jointly initiated the IPO, which will likely be completed in 2026. At present, SBI and Amundi India Holding hold 61.91% and 36

SBI Funds Management IPO likely in 2026; SBI to divest 6.3I% stake

State Bank of India plans to divest a 6.3% stake in SBI Funds Management through an IPO, while AMUNDI India will sell 3.7%. The IPO, expected in 2026, will mark SBI’s third listed subsidiary after SBI Cards and SBI Life, broadening investor participation in India’s largest asset manager.

SBI board approves IPO of SBI Funds Management; PSU lender to sell 6.3% stake

State Bank of India plans to sell a 6.3% stake in SBI Funds Management via IPO, approved by its Executive Committee. The IPO process will finalize in 2026, aiming to maximize stakeholder value and enhance public visibility of the asset management firm.

State Bank of India to launch IPO for SBI Funds Management, plans to divest 6.3% stake

State Bank of India (SBI) announced its decision to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management Limited (SBIFML) through Initial Public Offering (IPO), subject to regulatory approvals. Amundi India Holding, the other promoter of SBIFML will divest 1,88,30,000 equity shares, being equivalent to 3.7006% of total […] The post State Bank of India to launch IPO for SBI Funds Management…

SBI and Amundi to sell 10% SBI Funds Management in IPO

State Bank of India (SBI) and French asset management firm Amundi are set to jointly divest a 10% stake in SBI Funds Management through an initial public offering (IPO), with the listing expected in 2026.  SBI, which currently holds 61.9% of the asset manager, will offload 6.3% of its stake, while Amundi, which owns 36.4%, will sell 3.7%.  The remaining shares are held by other investors, including those participating in employee stock ownership…