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SBI to sell 6.3% stake in asset-manager via 2026 IPO plan
SBI plans IPO of its asset-management arm with a 6.
State Bank of India announced that it intends to divest a 6.3% stake in its subsidiary SBI Funds Management Private Limited through an initial public offering expected in 2026. The asset-management arm, jointly owned with French partner Amundi, currently manages around ₹12,000 crore (approximately US $1.37 billion) in assets and posted a net profit of ₹1,586 crore in H1 FY26, up 15% year-on-year.
The bank said it will appoint investment bankers and complete valuation ahead of the IPO. This move forms part of India’s expanding primary-market pipeline for 2025-26.