State Bank of India and Amundi announce the successful listing of SBI Funds Management Ltd
SBI Funds Management Limited (“SBI Funds”), India’s leading asset management company, today marked a historic milestone with the successful listing of its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
The listing marks the beginning of a new chapter in the Company’s nearly four-decade journey of serving millions of investors and creating long-term wealth through disciplined investing. The Initial Public Offering (IPO) received an overwhelming response across investor
categories and was subscribed 41.66 times, reflecting strong confidence in SBI Funds’ business model, governance standards, investment capabilities and long-term growth prospects.
Shri Challa Sreenivasulu Setty, Chairman, State Bank of India, and Chairman, SBI Funds Management Limited said: “The listing of SBI Funds
Management marks a defining milestone in the Company’s journey and reflects the trust that millions of investors have placed in us over the years. We are deeply grateful for the overwhelming confidence shown by investors across all categories. As a listed company, SBI
Funds enters a new phase of responsibility and accountability. Guided by the highest standards of governance and transparency, we remain committed to creating long-term value for our shareholders while helping millions of Indians achieve their financial aspirations
through disciplined investing. Backed by the enduring partnership between State Bank of India and Amundi, SBI Funds is well positioned to deepen investor participation, expand access to investment solutions and continue contributing to India’s growing financial savings ecosystem.”
Ms. Valérie Baudson, Chief Executive Officer of Amundi, commented: “The successful listing of SBI Funds Management Ltd., is a remarkable achievement for the company, and a powerful illustration of the strength and relevance of our long-standing partnership with SBI.Over the years, SBI and Amundi have built the leading asset management platform in India,combining SBI’s exceptional distribution strength and market positioning with Amundi’s global expertise in asset management.
