07
Nov
#SBIFMLIPO #SBI #Amundi #MutualFunds #StockMarketIndia #IPOAlert #FinanceNews #InvestingInIndia #WealthManagement #DalalStreet #SBIGroup #IndianEconomy #FinancialMarkets #AssetManagement #IPO2026 Chandigarh: The State Bank of India (SBI), the country’s largest lender, has announced plans to divest 3,20,60,000 equity shares, representing 6.3007% of the total equity capital of its mutual fund arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO). The move is subject to obtaining necessary regulatory approvals. Alongside SBI, Amundi India Holding, the joint promoter of SBIFML, will divest 1,88,30,000 equity shares, equivalent to 3.7006% of SBIFML’s total equity. Together, both promoters will offload a combined 10.0013% stake, amounting to 5,08,90,000…