State Bank of India greenlit divesting 6.3% (32.06M shares) in SBI Funds Management Ltd through an IPO, retaining majority control. India’s top asset manager with Rs.4,231 Cr FY25 income (0.64% of SBI Group) and Rs.5,108 Cr reserves eyes Rs.1 lakh Cr valuation in 2026 listing. Framework agreement signs November 10. SBI shares edged 0.2% higher to Rs.957.7 amid market optimism for the largest-ever