Following SBI Funds Management’s stock market debut, SBI Chairman CS Setty said the bank will consider listing more subsidiaries once they reach the right stage of maturity, but did not provide a timeline due to the IPO silent period. Amundi said it remains committed to its two-decade partnership with SBI and plans to continue supporting the asset manager’s long-term growth. SBI Funds Management, India’s largest asset manager, made a positive stock market debut after raising ₹9,813 crore through its IPO. The stock listed at ₹613.30 on the NSE and ₹610 on the BSE, delivering gains of over 6% against the issue price. The listing comes as mutual fund penetration continues to rise in India, with the company managing one of the country’s largest asset bases.
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SBI Chairman says bank will explore listing more subsidiaries as they mature
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