In July 2026, State Bank of India sold what percentage stake in SBI Funds Management Ltd through a pre-IPO placement?
- 1.42%
- 2.50%
- 3.25%
- 4.10%
Answer: 1.42%
SBI sold 1.42% stake (2,88,32,748 equity shares) in SBI Funds Management Ltd to 30 investors for ₹1,655 crore at ₹574 per share in a pre-IPO placement ahead of the company's IPO scheduled for July 14-16, 2026.