06
Nov
#SBI #SBIFundsManagement #IPO #SBIFML #IndianStockMarket #Amundi #AssetManagement #ValueUnlock #MutualFundIPO #ChallaSreenivasuluSetty Mumbai: The State Bank of India (SBI), India's largest lender, announced today that its board has approved the sale of a 6.3% stake in its asset management arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO). This major development marks a significant step in realizing the value of one of India's leading financial institutions, with the IPO expected to be completed in 2026. ЁЯУИ Valuation & IPO Size Market sources and analysts familiar with the matter suggest that SBI could target a valuation of around тВ╣1 lakh…