SBI and Amundi to divest 10% stake in SBI Funds Management
after close1 source ↓written by the desknot a recommendation
- in SBI Funds
- 10% stake
- expected
- 2026
- SBI will offload
- 6.3%
- stake
- 61.9%
- Amundi will sell
- 3.7%
State Bank of India (SBI) and Amundi will jointly sell a 10% stake in SBI Funds Management through an IPO expected in 2026. SBI will offload 6.3% of its 61.9% stake, while Amundi will sell 3.7% of its 36.4% stake. This move aims to unlock value created by both firms in the asset management sector.
Not investment advice. For informational purposes only.