SBI and Amundi to divest 10% stake in SBI Funds
pre-market1 source ↓written by the desknot a recommendation
- in SBI Funds
- 10% equity stake
- plans to divest
- 6.3%
- Amundi will sell
- 3.7%
- and Amundi
- 61.91%
- in SBI Funds
- 36.36%
SBI and Amundi India will sell a 10% equity stake in SBI Funds Management via an IPO. SBI plans to divest 6.3%, while Amundi will sell 3.7%. SBI currently holds 61.91% and Amundi 36.36% in SBI Funds Management, which manages ₹11.99 lakh crore in assets. This move may enhance liquidity in the asset management sector.
Not investment advice. For informational purposes only.