Try GOLD - Free
SBI, Amundi to divest 10% in SBIFML via IPO
The New Indian Express Coimbatore
|November 07, 2025
STATE Bank of India (SBI) is divesting 3,20,60,000 equity shares, equivalent to 6.3007% of total equity capital of SBI Funds Management Limited (SBIFML) through Initial Public Offering (IPO).
Amundi India Holding, the other promoter of SBIFML will divest 1,88,30,000 equity shares, being equivalent to 3.7006% of total equity capital of SBIFML, with a total of 10.0013% stake comprising of 5,08,90,000 shares to be listed. Both the promoters of SBIFML have jointly initiated the IPO, which will likely be completed in 2026. At present, SBI and Amundi India Holding hold 61.91% and 36.36% stake in SBIFML respectively.
This story is from the November 07, 2025 edition of The New Indian Express Coimbatore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Coimbatore
The New Indian Express Coimbatore
Cong proud flagbearer of 'Vande Mataram': Kharge hits back at BJP's swipe
AS the political row over national song, 'Vande Mataram escalates, Congress on Friday hit back at PM Narendra Modi saying Rabindranath Tagore had suggested that the first two stanzas of the song be adopted and it was \"shameful\" of the Prime Minister to accuse the Nobel laureate of harbouring a divisive ideology.
1 min
November 08, 2025
The New Indian Express Coimbatore
No one in country believes AI crash in Ahmedabad due to pilot’s fault: SC
THE Supreme Court on Friday said that no one blamed the chief pilot of the Air India Dreamliner for the June 12 crash in Ahmedabad, which claimed 260 lives, and asked his 88-year-old father not to carry any emotional burden.
1 min
November 08, 2025
The New Indian Express Coimbatore
NMC told to make sure same stipend for interns in govt, pvt med colleges
THE Health Ministry has directed the National Medical Commission (NMC) to examine a key provision of internship regulations to ensure that all undergraduate medical internswhether studying in government or private medical colleges-receive the same stipend.
1 mins
November 08, 2025
The New Indian Express Coimbatore
Rahul renews ‘vote theft’ charge, links it with BJP winning Assembly polls
STEPPING up his attack on 'vote theft 'allegations, Congress leader Rahul Gandhi on Friday accused the BJP of indulging in \"wholesale theft\" of elections and charged that Modi has become the PM by \"stealing\" elections.
1 mins
November 08, 2025
The New Indian Express Coimbatore
Mississauga becomes 2nd Canada city to condemn Hinduphobia
THE City Council of Mississauga, the seventh-largest municipality in Canada, has passed a resolution to recognise anti-Hindu hate, in what is being hailed as a landmark victory for Hindu Canadians.
1 mins
November 08, 2025
The New Indian Express Coimbatore
Rajinikanth to be felicitated at IFFI this year
THE 55th International Film Festival of India (IFFI) will begin in Goa on November 20 with a strong focus on innovation, inclusivity, and international collaboration.
1 mins
November 08, 2025
The New Indian Express Coimbatore
Vande Mataram's cuts sowed seeds of Partition: Modi
IN a veiled criticism of the Congress, Prime Minister Narendra Modi on Friday said significant stanzas of the 'Vande Mataram' were axed in 1937, which sowed the seeds of Partition.
1 mins
November 08, 2025
The New Indian Express Coimbatore
REPEAT OFFENDER Suspect in Salem double murder shot in leg, held
FOUR days after bodies of two elderly women were found floating in a pool of water in an abandoned stone quarry, C Ayyanar, a 55-year-old man from Omalur who is suspected to have murdered the victims for gain, was shot in the leg and arrested by police near Orukkamalai at Sangagiri taluk in Salem early on Friday.
1 min
November 08, 2025
The New Indian Express Coimbatore
Kerala gold lenders outshine European nations
IF Kerala's non-banking financiers were a country, they would rank 16th in the world for gold reserves -right after Portugal and ahead of the United Kingdom, Spain, and Austria.
1 min
November 08, 2025
The New Indian Express Coimbatore
THE MAN WHO RESHAPED ELECTIONS
THE Election Commission's 75 years can appropriately be classified as the commission before T N Seshan and after Seshan.
3 mins
November 08, 2025
Listen
Translate
Change font size