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SBI, Amundi to sell 10% stake in SBI Funds Management via IPO
Mint Ahmedabad
|November 07, 2025
India's largest mutual fund house is ready to test public market waters. SBI Funds Management Ltd-a joint venture between the country's biggest bank State Bank of India (SBI) and France's Amundi, one of Europe's largest asset managers-will see its parent companies sell a combined 10% stake through an initial public offering (IPO).
This is the second attempt by the partners to list the asset manager after an earlier announcement in 2021.
(ISTOCKPHOTO)
The IPO framework agreement is expected to be signed on 10 November, with the entire process likely to be finalised sometime in 2026, according to a stock exchange filing by SBI on Thursday.
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