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SBI to Sell 6.3% Stake in SBI Funds via IPO
SBI proposes selling 6.
State Bank of India (SBI) is planning to offload a 6.3% stake in its asset management arm, SBI Funds Management, through a proposed IPO. The JV issuer, co-owned by SBI and Amundi, manages about ₹120 billion in AUM. SBI’s plan follows an earlier listing attempt in 2021.
The IPO is likely to be executed in 2026 once regulatory and valuation processes are finalised, according to people close to the matter.