Other Private Equity/Strategic Investments
SBI Funds Management to go for Rs 2,000-Cr pre-IPO placement through OFS
Mumbai-based SBI Funds Management is planning to raise INR 2,000 crore from institutional investors through a pre-IPO placement. This transaction is intended to precede a larger public issue of INR 11,400 crore, which is expected to launch in July 2026.Founded as a joint venture between State Bank of India and Amundi, the firm holds a 15.5% market share and manages quarterly average assets under management of approximately INR 12.5 lakh crore as of December 2025.The entire issue will be an offer for sale. SBI and Amundi India will divest approximately 10% of the company’s paid-up equity capital.
For FY25, SBI Funds Management had reported about INR 4,050.88 crore in Operating Income and about INR 2,531.46 crore in PAT.
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