NSEGeneral Updates19 Oct 2026 · 19 Oct 2026, 02:18 pm
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CARE Ratings Limited · CARERATING
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CARE Ratings Limited has informed the Exchange about the update on the sale of a partial stake in its wholly owned subsidiary, CareEdge Global IFSC Limited, to State Bank of India and NSE IFSC Limited.
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CARE Ratings Limited has informed the Exchange about update on sale of partial stake held by the Company in its wholly owned subsidiary i.e. CareEdge Global IFSC Limited to State Bank of India and NSE IFSC Limited.
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Date: October 19, 2026
SE/2026-27/65
BSE Limited National Stock Exchange of India Limited
Corporate Relation Department Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra Kurla Complex
Mumbai 400 001 Bandra (East)
Scrip Code: 534804 Mumbai 400 051
Scrip Code: CARERATING
Dear Sir/ Madam,
Sub: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015
This is in connection to our earlier intimations dated November 12, 2025, and May 13, 2026, regarding the
sale of partial stake held by the Company in its wholly owned subsidiary i.e. CareEdge Global IFSC Limited
(“CGIL”) to State Bank of India (“SBI”) and NSE IFSC Limited (“NSEIX”).
In this regard, we wish to update that, today, i.e., on October 19, 2026, the Company has executed Share
Purchase Agreements and a Shareholders' Agreement with SBI and NSEIX for the sale of 9.90% equity stake
each in CGIL to the aforesaid purchasers. Upon completion of the closing actions (as identified in the Share
Purchase Agreements) and receipt of the requisite approval from the Board of CGIL for the transfer of shares,
CGIL shall cease to be a wholly owned subsidiary of the Company. Upon consummation of the share transfer,
the Company shall continue to hold an 80.20% equity stake in CGIL. The closing actions are expected to be
completed within two months.
The above information is also being made available on the Company’s website i.e. www.careedge.in.
We request you to kindly take the above on record.
Thanking you,
Yours faithfully,
For CARE Ratings Limited
Manoj Kumar CV
Company Secretary & Compliance Officer
CARE Ratings Limited
4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East),
Mumbai - 400 022. Phone: +91-22-6754 3456 • Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691