19-Oct-2026 14:19:07
CARERATING : SELLS 9.90% STAKE EACH IN CGIL TO SBI AND NSEIX
• Company executed share purchase agreements and a shareholders' agreement with State Bank of India (SBI) and NSE IFSC (NSEIX) for sale of 9.90% equity stake each in wholly owned subsidiary CareEdge Global IFSC Ltd (CGIL) • Upon consummation, CARE Ratings will continue to hold 80.20% equity stake in CGIL and CGIL will cease to be a wholly owned subsidiary • Sale follows earlier intimations dated November 12, 2025 and May 13, 2026 on the partial stake sale in CGIL • Closing actions expected to be completed within two months, subject to requisite Board approval of CGIL for share transfer Impact: Neutral (no transaction value disclosed; parent retains 80.20% control of CGIL, with SBI and NSEIX as new minority partners)
CARE Ratings Limited
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