SBI gains on inking pact to acquire 9.90% stake in CareEdge Global IFSC
State Bank Of India is currently trading at Rs. 963.90, up by 6.55 points or 0.68% from its previous closing of Rs. 957.35 on the BSE.
The scrip opened at Rs. 955.70 and has touched a high and low of Rs. 963.95 and Rs. 954.35 respectively. So far 94747 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 971.15 on 06-Nov-2025 and a 52 week low of Rs. 679.65 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 964.50 and Rs. 944.00 respectively. The current market cap of the company is Rs. 885816.22 crore.
The promoters holding in the company stood at 55.50%, while Institutions and Non-Institutions held 37.35% and 7.13% respectively.
State Bank of India (SBI) has signed Non-Binding Term Sheet with Care Ratings to purchase 29,70,000 equity shares of CareEdge Global IFSC (CGIL) (pending execution of Definitive Agreement) for acquiring stake of up to 9.90% in CGIL. CGIL is a full-service credit rating agency (CRA) and is the first CRA registered and authorized by the International Financial Services Centre Authority (India).
The bank will acquire the stake at a consideration of up to Rs 2.97 crore. The transaction is expected to be completed within 6 months from the date of Non-Binding Term Sheet.
State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
