The State Bank of India (SBI) on Thursday announced plans to divest a 6.3% stake in its asset management arm, SBI Funds Management Limited (SBIFML), through an initial public offering (IPO).According to the stock exchange filing, the bank will offload 3,20,60,000 shares, representing 6.3007% of the total share capital of SBIFML. The divestment will take […]
