SBI, French partner Amundi to divest 10% in SBI Funds via IPO
State Bank of India and France’s Amundi will sell a 10% stake in their asset management firm, SBI Funds Management. This will be done through an initial public offer. SBI will divest 6.3% and Amundi 3.7%. The IPO is expected to be completed in 2026. SBI Funds Management will be the third SBI subsidiary to list.
Reported by The Economic Times in the business category. This news highlights current developments and trends related to the topic.
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