CareEdge Global IFSC to sell 19.8 pc stake to SBI, NSEIX

Care Edge Ratings has opted to divest a 19.8% share in its subsidiary, CareEdge Global IFSC. Major stakeholders, including the State Bank of India and NSE IFSC, will each acquire a 9.9% stake. Post-transaction, Care Edge will hold an 80.2% ownership in the global entity. The necessary share purchase agreements and shareholder agreements are in place, with deal closure expected in two months.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *