SBI Funds Management Submits Reclassification Application to Exchanges

SBI Funds Management Ltd has submitted applications to BSE and NSE seeking no objection for the reclassification of Indian Digital Payment Intelligence Corporation from the 'Promoter Group' to the 'Public' category. This follows a Board approval on October 23, 2026, based on a request from State Bank of India, the promoter. Additionally, the company noted that an application for the reclassification of AIXIGO TR YAZILIM LIMITED SIRKETI, an entity forming part of the promoter group, is not required as it is undergoing voluntary winding up/dissolution, a request approved by the Board from promoter Amundi Asset Management.