SBI Funds Management is set to launch an offer for sale worth ₹11,693 crore. The move will reduce the promoter stake to 88 percent. The asset manager oversees ₹29.46 lakh crore in funds.
SBI Funds Management has outlined plans for a large offer for sale. The transaction aims to cut the promoter holding to 88 percent while raising ₹11,693 crore.
The firm manages assets totaling ₹29.46 lakh crore. It leads the market in systematic investment plans and portfolio management services.
Revenue and net profit recorded notable yearly increases from FY24 to FY26. The IPO is priced at a lower price-to-earnings multiple than comparable peers in the sector.