SBI to offload 1.42% stake in asset management arm for ₹1,655 crore ahead of IPO
State Bank of India is set to divest a 1.42% stake in SBI Funds Management to 30 different investors in a pre-IPO deal worth ₹1,655 crore. Each share is valued at ₹574, which matches the top of the IPO price range, reflecting robust demand from institutional players. The list of investors features names like Tata AIG, Go Digit, 360 ONE funds, Bennett Coleman, along with various family offices and AIFs.
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