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CareEdge Global IFSC to Sell 19.8 Percent Stake to SBI and NSEIX
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News18•19-10-2026, 15:45
CareEdge Global IFSC to Sell 19.8 Percent Stake to SBI and NSEIX
- •Care Edge Ratings announced the decision to sell a 19.8 per cent stake in its subsidiary CareEdge Global IFSC.
- •Share purchase and shareholders agreements have been signed with State Bank of India and NSE IFSC for a 9.9 per cent stake each.
- •Care Edge Ratings will retain an 80.2 per cent majority equity stake in CareEdge Global IFSC Ltd after the transaction concludes.
- •The deal is anticipated to be finalized within a period of two months.
Key Questions Answered
Care Edge Ratings is selling a total 19.8 per cent stake in its wholly-owned subsidiary CareEdge Global IFSC, with State Bank of India and NSE IFSC each acquiring a 9.9 per cent equity stake.
Following the completion of the share transfer, Care Edge Ratings will continue to hold an 80.2 per cent equity stake in CareEdge Global IFSC Ltd.
The transaction involving the sale of the stake in CareEdge Global IFSC is expected to be concluded within two months.
