StockWatch
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Asset Management Company
Promoter Reclassification21 Oct 2026, 07:31 pm

SBI Funds Management: Promoter seeks re-classification

AI Summary

SBI Funds Management Ltd has received a request from its promoter, Amundi Asset Management, to re-classify AIXIGO TR YAZILIM LIMITED SIRKETI from the 'Promoter Group' category. This request is due to the voluntary winding up and dissolution of the entity. The company noted that the entity in question did not hold any shares in SBI Funds Management. The company will proceed with the necessary steps as per SEBI Listing Regulations, including board review and seeking approvals from regulatory authorities like SEBI and stock exchanges.

Key Highlights

  • Promoter Amundi Asset Management requests re-classification of an entity.
  • Re-classification is due to the voluntary winding up of the entity.
  • The entity did not hold any shares in SBI Funds Management.
  • Company will follow SEBI regulations and seek regulatory approvals.