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FinanceIndia's largest asset manager draws top sovereign funds in $1.2 bln IPO
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India's largest asset manager, a joint venture between State Bank of India (SBI) and Amundi, has attracted top sovereign wealth funds for its upcoming $1.2 billion initial public offering (IPO), according to sources. The listing will see SBI and Amundi collectively sell a 10% stake in the joint venture. The IPO is expected to open next week, kicking off a busy pipeline of public offerings in India for the second half of the year. The article, published by The Business Times on July 7, 2026, highlights strong institutional interest in the offering from global sovereign funds.
Source report
India’s largest asset manager is set to attract leading sovereign wealth funds in a US$1.2 billion initial public offering (IPO), according to sources.
- The IPO is expected to open next week, kicking off a busy pipeline of public offerings for India in the second half of the year.
- The listing will see SBI and Amundi selling a collective 10% of their shares in the joint venture.
Source
The Business TimesRegional
Part of this Story
India's Largest Asset Manager SBI Funds Management Launches $1.2 Billion IPO