State Bank of India (SBIN) has entered into share purchase agreements dated July 9, 2026, to sell an aggregate of 2,88,32,748 equity shares of its subsidiary, SBI Funds Management Limited (SBIFM). These shares represent 1.4156% of SBIFM's pre-Offer share capital. The sale is to a total of 30 investors at a price of ₹574.00 per equity share, for an aggregate consideration of ₹1,655.00 crores. This transaction is subject to the fulfillment of conditions precedent outlined in the respective share purchase agreements. This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to the filing of the red herring prospectus by SBIFM on July 8, 2026.
