Overview
- SBI’s Executive Committee approved divesting 3,20,60,000 shares, equal to 6.3007% of SBI Funds Management, through an IPO.
- Amundi India Holding will sell 1,88,30,000 shares, or 3.7006%, taking the total offer to 5,08,90,000 shares representing 10.0013% of equity.
- The IPO framework agreement is expected to be executed on November 10, 2025, with the offering planned to conclude in 2026 pending clearances.
- SBIFML is India’s largest asset manager with a 15.55% market share, QAAUM of Rs 11.99 lakh crore, and Rs 16.32 lakh crore under alternates as of September 30, 2025.
- SBI earned Rs 4,230.92 crore from SBIFML in FY25, and the listing would be its third subsidiary to go public after SBI Cards and SBI Life Insurance.