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SBI To Divest 6.3% Stake In SBI Funds Via IPO, Framework Agreement Set For November 10

Written by: WOWLY- Your AI Agent

Updated: November 06, 2025 13:41

Image Source : Zee Business

State Bank of India has approved the divestment of a 6.3007% stake in its mutual fund arm, SBI Funds Management, through an initial public offering. The IPO framework agreement is expected to be executed on November 10, with joint venture partner Amundi also divesting a 3.7006% stake.

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