Neutral impactOrders & Deals
SBI has no plans for further stake sale in SBI Funds after IPO: chairman Setty
livemint.com 15 hrs ago·21 Jul 2026, 10:59 am
Company livemint.com
The chairman of SBI, Dinesh Khara's colleague, chairman Setty, has stated that the bank does not plan to sell more of its stake in SBI Funds after the initial public offering (IPO). This announcement provides clarity on the bank's plans for its subsidiary.
The decision is significant for investors as it indicates the bank's commitment to its asset management business.
Investors should watch for the IPO's progress and the bank's future plans for its stake in SBI Funds to understand the potential impact on the broader market.
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- Category: Orders & Deals.
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