SBI to list mutual fund business on stock exchange via IPO
BusinessLine·2025-11-06 17:07
State Bank of India, the country’s largest lender, plans to sell a 6 per cent or 3.20 crore share in its subsidiary SBI Fund Management through Initial Public Offering (IPO).Amundi India Holding, the other promoter of SBIFML, will divest a 3.70 per cent or 1.88 crore equity shares.Both the promoters of SBIFML have jointly initiated the IPO, which will likely be completed in this year, said SBI.SBI Mutual Fund, the largest in the industry, was established in the year 1987 with SBI as the sponsor and was the ...