State Bank Of India

BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
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SBI inks pact to acquire 9.90% stake in CareEdge Global IFSC

Date: 13-11-2025

State Bank of India (SBI) has signed Non-Binding Term Sheet with Care Ratings to purchase 29,70,000 equity shares of CareEdge Global IFSC (CGIL) (pending execution of Definitive Agreement) for acquiring stake of up to 9.90% in CGIL. CGIL is a full-service credit rating agency (CRA) and is the first CRA registered and authorized by the International Financial Services Centre Authority (India).

The bank will acquire the stake at a consideration of up to Rs 2.97 crore. The transaction is expected to be completed within 6 months from the date of Non-Binding Term Sheet.

State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.