Amundi has set the final offer price for the initial public offering of SBI Funds Management Limited at INR 574 per share, the upper end of the price range. A total of 203,709,239 shares, representing 10% of the company, will be sold upon completion of the IPO and a pre-IPO private placement, with Amundi selling 75,374,842 shares, or 3.7% of the capital, and State Bank of India selling 128,334,397 shares, or 6.3% of the capital. Amundi expects the transaction to generate a net capital gain of approximately €300 million after tax and transaction costs, to be booked in the third quarter. The shares are expected to begin trading on Indian stock exchanges on 21 July 2026.
Amundi SAAmundi expects €300 million net capital gain from selling 3.7% stake in SBI Funds Management
State Bank of India GDRSBI is selling 6.3% stake in SBI Funds Management via IPO, generating proceeds
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