**SBI to Acquire 9.9% Stake in CareEdge Global IFSC Limited**

State Bank of India (SBI), the country’s largest lender, announced on November 12, 2025, that it has signed a **Non-Binding Term Sheet** with **Care Ratings Limited** to acquire up to a **9.90% stake** in **CareEdge Global IFSC Limited (CGIL)**. The proposed acquisition involves the purchase of **29.70 lakh equity shares** of CGIL and is subject to the execution of a definitive agreement between the parties. In an exchange filing under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, SBI stated that the move is part of its strategic initiative to expand its presence in the **GIFT City ecosystem** and strengthen its participation in emerging global financial services platforms. The acquisition will provide SBI with exposure to the growing opportunities in international financial services and credit analytics, leveraging the expertise of Care Ratings and its affiliates. The bank emphasized that the investment aligns with its long-term vision of building strategic partnerships in financial infrastructure, credit assessment, and technology-driven financial solutions. The proposed transaction is currently at the term sheet stage, pending further regulatory and board approvals. This acquisition, once completed, will enhance SBI’s engagement in India’s international financial hub and support the development of diversified global banking capabilities. *(Source: Company filing, November 12, 2025)*