State Bank of India to Divest 6.3007% Stake in SBI Funds Management Limited Through IPO

The Executive Committee of the Central Board (ECCB) of State Bank of India has approved the divestment of 3,20,60,000 equity shares, equivalent to 6.3007% of the total equity capital of SBI Funds Management Limited (SBIFML) through an Initial Public Offering (IPO). This decision was made in a meeting held on 6th November, 2025, subject to all regulatory approvals. The financials of SBIFML for FY 2024-25 show a turnover or revenue or income of Rs 4,230.92 Cr (0.64% of the total net worth contributed by such unit) and a reserve & surplus of Rs 5,108.56 Cr (1.19% of the last financial year's total reserve & surplus of SBI Group). The IPO Framework Agreement is expected to be executed on 10.11.2025 and the sale/disposal is expected to be completed in the year 2026. The consideration received and the details of the buyers will be finalized in consultation with all stakeholders.