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Care Ratings sells partial stake in CGIL to SBI, NSE IFSC
Nov-14-2026

Care Ratings has completed the sale of a partial stake in its subsidiary, CareEdge Global IFSC (CGIL) to State Bank of India (SBI) and NSE IFSC (NSEIX). Pursuant to the same, CGIL ceases to be wholly owned subsidiary of the Company. The company continues to hold 80.20% equity stake in CGIL. The transaction was approved by the Board of Directors of CGIL on November 13, 2026. 

Care Ratings provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.


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