Amundi Nets €300 Million Gain Following SBI Funds Management IPO in India
Following the IPO of SBI Funds Management Limited on the Indian stock markets, Amundi sold 75.4 million shares, representing 3.7% of the joint venture's capital. This transaction resulted in a net gain of approximately €300 million after taxes and fees.
574 Rupees Per Share, Sale Details
The final IPO price was set at 574 Indian Rupees per share, at the upper end of the initially selected range. The final prospectus for SBI Funds Management Limited was filed on July 16, 2026, with Indian authorities. A total of 203.7 million shares, representing 10% of the company's capital, were sold during the IPO and a pre-IPO private placement. Amundi participated in this transaction by selling 75.4 million shares, corresponding to 3.7% of SBIFM's capital, while the partner shareholder State Bank of India sold 128.3 million shares, representing 6.3% of the capital.
The trading of SBI Funds Management Limited shares began on July 21, 2026, on the Mumbai Stock Exchange and the National Stock Exchange of India.
A €300 Million Gain in the Third Quarter
The sale of shares in this transaction resulted in a net gain of approximately €300 million for Amundi, after taxes and transaction costs. This gain will be recorded in the third quarter of 2026 in the asset manager's accounts. This transaction highlights Amundi's return on investment in its Indian joint venture, established to develop asset management solutions in one of Asia's most dynamic markets.
