The State Bank of India (SBI) on Thursday announced plans to offload a 6.3% stake in its asset management arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO).
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 November, 2025 has accorded approval to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management Limited through Initial Public Offering, subject to all regulatory approvals,” the bank announced in a filing to the stock exchanges.
The move was approved by the lender's Executive Committee of the Central Board (ECCB) during its meeting held on November 6, 2025.
The IPO Framework Agreement for this transaction is expected to be signed on November 10, and the entire process is expected to be completed sometime in 2026, as per SBI’s disclosure.
In terms of contribution to SBI’s overall financials, SBIFML posted a total income of Rs 4,230.92 crore in FY2024-25, which is about 0.64% of SBI Group’s total income. The Reserve & Surplus of the AMC stands at Rs 5,108.56 crore, accounting for 1.19% of the group’s total reserves.
SBI noted that the final amount it will receive from this stake sale will be determined in consultation with stakeholders at a later stage. The divestment will be conducted solely through the IPO process and does not involve any related party transactions or slump sale arrangements.
It also clarified that the sale is outside the scope of a scheme of arrangement and that no promoter group is involved in the buying process.
Also read: Nykaa, Paytm among six additions in MSCI India index; Tata Elxsi, CONCOR out
SBIFML, a joint venture between SBI and Amundi Asset Management, is one of India’s leading asset management companies.
Around 1:15 PM, shares of SBI were trading flat at Rs 957.20 on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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 November, 2025 has accorded approval to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management Limited through Initial Public Offering, subject to all regulatory approvals,” the bank announced in a filing to the stock exchanges.
The move was approved by the lender's Executive Committee of the Central Board (ECCB) during its meeting held on November 6, 2025.
The IPO Framework Agreement for this transaction is expected to be signed on November 10, and the entire process is expected to be completed sometime in 2026, as per SBI’s disclosure.
In terms of contribution to SBI’s overall financials, SBIFML posted a total income of Rs 4,230.92 crore in FY2024-25, which is about 0.64% of SBI Group’s total income. The Reserve & Surplus of the AMC stands at Rs 5,108.56 crore, accounting for 1.19% of the group’s total reserves.
SBI noted that the final amount it will receive from this stake sale will be determined in consultation with stakeholders at a later stage. The divestment will be conducted solely through the IPO process and does not involve any related party transactions or slump sale arrangements.
It also clarified that the sale is outside the scope of a scheme of arrangement and that no promoter group is involved in the buying process.
Also read: Nykaa, Paytm among six additions in MSCI India index; Tata Elxsi, CONCOR out
SBIFML, a joint venture between SBI and Amundi Asset Management, is one of India’s leading asset management companies.
Around 1:15 PM, shares of SBI were trading flat at Rs 957.20 on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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