SBI to launch IPO for SBI Funds Management, plans to divest 6.3% stake
The Economic Times·2025-11-06 08:02
According to the exchange filing, the bank will divest 3,20,60,000 equity shares, representing 6.3007% of the total equity capital of SBIFML. The divestment will be carried out through the IPO route and is subject to the necessary regulatory approvals.“Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we advise that the Executive Committee of the Central Board (ECCB) of State Bank of India in the meeting held on 6 th Novemb ...