SBI Funds Management Moves Closer to IPO, Eyes 2026 Listing

January 6, 2026 India’s largest asset manager, SBI Mutual Fund (operated by SBI Funds Management Ltd), is advancing plans for a blockbuster initial public offering (IPO) targeted for 2026. The listing could rank among the country’s largest IPOs in recent years, with the company expected to raise over $1 billion from the sale. The State Bank of India (SBI) and its joint-venture partner Amundi have approved a plan to divest a combined 10% stake through the public offering. SBI is set to sell approximately 6. ...