SBI Approves Selling Stake in SBI Funds Management Via IPO
State Bank of India’s board has cleared a plan to divest a 6.3% stake in its mutual fund arm through an initial public offering, marking a key step toward unlocking...
By Ranjani Raghavan · Bloomberg Markets
State Bank of India’s board has cleared a plan to divest a 6.3% stake in its mutual fund arm through an initial public offering, marking a key step toward unlocking value in one of India’s largest asset managers.