SBI Approves Selling Stake in SBI Funds Management Via IPO

BloombergThursday, November 6, 2025 at 7:55:53 AM
SBI Approves Selling Stake in SBI Funds Management Via IPO

SBI Approves Selling Stake in SBI Funds Management Via IPO

The State Bank of India has taken a significant step by approving the sale of a 6.3% stake in its mutual fund arm through an initial public offering. This move is crucial as it aims to unlock value in one of India's largest asset management firms, potentially benefiting investors and enhancing the bank's financial position.
— via World Pulse Now AI Editorial System

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