State Bank of India board approves selling 6.3% stake in SBI Funds Management via IPO
State Bank of India, the country’s largest lender by assets, on November 6 said it will sell a 6.3% stake in SBI Funds Management through an initial public offering.
“…the Executive Committee of the Central Board (ECCB) of State Bank of India in the meeting held on 6th November, 2025 has accorded approval to divest 3,20,60,000 (32.06 million) 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,” said SBI in a stock exchange filing.
The IPO Framework Agreement is expected to be executed on November 10 and is expected to be completed in 2026, said SBI.
