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The Economic Times

Markets / The Economic Times

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SBI shares jump 3% after subsidiary SBI Funds Management files draft IPO papers

Shares of State Bank of India (SBI) rose sharply after its subsidiary SBI Funds Management filed draft IPO papers with Sebi for a pure offer for sale of 20.37 crore shares. Proceeds will go to selling shareholders, including SBI and Amundi India Holding.

20 Mar 2026 11:12 am