CARE Ratings Sells 19.8% Stake in CareEdge Global to SBI & NSEIX

CARE Ratings Ltd has executed Share Purchase Agreements and a Shareholders' Agreement to sell a 9.90% equity stake each in its wholly owned subsidiary, CareEdge Global IFSC Limited (CGIL), to State Bank of India (SBI) and NSE IFSC Limited (NSEIX). This transaction, announced previously on November 12, 2025, and May 13, 2026, will result in CGIL ceasing to be a wholly owned subsidiary upon completion of closing actions and CGIL Board approval. CARE Ratings will retain an 80.20% stake post-transaction. The closing actions are anticipated to be finalized within two months. This information is also available on the company's website.