SBI has no plans for further stake sale in SBI Funds after IPO: chairman Setty

State Bank of India has no immediate plans to further dilute its stake in SBI Funds Management after the asset manager's stock market listing, chairman C.S. Setty said. SBI Funds Management listed at around 613.30 on NSE, a 6.85% premium over the IPO price of 574, though below the grey market premium estimate of about 669.5. The offer for sale of 17.10 crore shares by SBI and Amundi India Holding raised about 9,812.91 crore and was subscribed 41.66 times overall, with QIB portion booked 140.11 times.