SBI sells 1.42% stake for ₹1,655 crore in SBIFM
pre-market1 source ↓written by the desknot a recommendation
- in SBI Funds
- 1.42% stake
- ahead
- ₹1,655 crore
- were sold
- ₹574 per share
- valued
- ₹11,600 crore
- and closes
- 14 July 2026
State Bank of India (SBI) has sold 1.42% stake in SBI Funds Management for ₹1,655 crore ahead of its IPO. The shares were sold at ₹574 per share, matching the upper end of the IPO price band. The IPO, valued at ₹11,600 crore, opens on 14 July 2026 and closes on 16 July 2026.
Not investment advice. For informational purposes only.