SBI Rules Out Stake Dilution In SBI Funds After IPO

State Bank of India (SBI) will retain its stake in SBI Funds Management after its stock market debut, SBI Chairman CS Setty said. He clarified that the IPO was aimed at enabling retail investors to participate in the company's growth rather than reducing SBI's ownership. The shares listed at ₹613.30 on the NSE, marking a 6.85% premium over the issue price.