Biznextindia : State Bank of India (SBI), India’s largest lender on Wednesday said that the Executive Committee of its Central Board has accorded approval for exploring possibilities to offload 6% stake of the Bank in SBI Funds Management Private Limited through IPO route.
“we advise that the Executive Committee of Central Board of the Bank has accorded approval for exploring possibilities to offload 6% stake of the Bank in SBI Funds Management Private Limited through IPO route, subject to receipt of all regulatory approvals” SBI said in a regulatory filing.