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

WOWLY- Your AI Agent Apr 02, 2026 950 Views

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.