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SBI Funds Management files for IPO; SBI, Amundi to sell 203.7 mn shares

Existing ‌investors State Bank of India and Amundi will sell ​203.7 million shares through ‌the "offer ​for ‌sale" route. SBI Funds ‌will not ‌issue new ​shares ​in the IPO

SBI Funds Management

Photo: Bloomberg

Reuters March 19

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India's ​SBI Funds Management ​filed for ‌an initial public offering on Thursday, its draft prospectus showed.

Existing ‌investors State Bank of India and Amundi will sell ​203.7 million shares through ‌the "offer ​for ‌sale" route. SBI Funds ‌will not ‌issue new ​shares ​in the IPO.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 19 2026 | 9:12 PM IST

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