Archive · 13 Nov 2025
SBI to Acquire Stake in CARE Ratings Arm for Up to 9.90%
Imagine State Bank of India, a big bank, is planning to buy a small piece of another company called CareEdge Global IFSC Limited.
This other company is like a division of a company called Care Ratings.
SBI wants to buy almost 10% of it.
They have signed an initial agreement, and they expect to finalize the deal in about six months.
This news made people pay attention to SBI's stock.
SBI recently shared good news about its profits, showing an increase in its income and a rise in its net profit compared to last year.
State Bank of India (SBI) has signed a non-binding term sheet with Care Ratings Limited to acquire a stake in CareEdge Global IFSC Limited (CGIL).
SBI plans to purchase 29,70,000 equity shares of CGIL, representing up to a 9.90% stake.
CareEdge Global IFSC Limited is an arm of Care Ratings Limited.
The transaction is expected to be completed within six months from the date of the non-binding term sheet.
SBI's stock was flat at Rs 957.35, with a market capitalization of Rs 8.83 lakh crore.
SBI reported a 3% year-on-year increase in net interest income to ₹42,985 crore and a 10% rise in net profit to ₹20,160 crore for the September quarter.
- Who
- State Bank of India (SBI) and Care Ratings Limited
- What
- SBI signing a non-binding term sheet to acquire up to 9.90% stake in CareEdge Global IFSC Limited (CGIL), an arm of Care Ratings.
- When
- The transaction is expected to be completed within six months from the date of the non-binding term sheet.
- Where
- The transaction involves entities related to financial services in India, with CGIL being an IFSC entity.
- Why
- To acquire a stake in CareEdge Global IFSC Limited, an arm of Care Ratings.
- Company Acquiring Stake
- State Bank of India (SBI)
- Company Whose Stake is Acquired
- CareEdge Global IFSC Limited (CGIL)
- Parent Company of CGIL
- Care Ratings Limited
- Maximum Stake to be Acquired
- 9.90%
- Number of Equity Shares to be Purchased
- 29,70,000
- Expected Completion Timeline
- Within six months from the date of non-binding term sheet