
Investment3 Aug 2026, 09:10 pm
SBI Funds Management to Invest ₹25 Cr in Subsidiary via Rights Issue
AI Summary
SBI Funds Management Limited's Board of Directors has approved an investment of up to ₹25 Crores in its wholly-owned subsidiary, SBI Funds International (IFSC) Limited, through a Rights Issue. The board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, and appointed M/s. N. L. Bhatia & Associates as the Secretarial Auditor for five years. Additionally, amendments to the Articles of Association were approved to grant special rights to certain shareholders, pursuant to waiver cum amendment and governance agreements. The trading window for designated persons remains closed until August 05, 2026.
Key Highlights
- Investment of up to ₹25 Cr in subsidiary SBI Funds International (IFSC) Limited.
- Board approved un-audited financial results for Q1 FY27.
- Secretarial Auditor appointed for five years.
- Articles of Association amended for special shareholder rights.
- Trading window closed until August 05, 2026.
Price Impact
More from SBIFUNDS