SBI to acquire stake in CareEdge Global IFSC
after close1 source ↓written by the desknot a recommendation
- of CareEdge Global
- 29,70,000 shares
- representing
- 9.90% stake
- market cap
- ₹8.83 lakh crore
Shares of State Bank of India are in focus after it signed a Non-Binding Term Sheet to acquire 29,70,000 shares of CareEdge Global IFSC Limited, representing a 9.90% stake. SBI's stock closed at ₹957.35, with a market cap of ₹8.83 lakh crore. The transaction is expected to complete within six months.
Not investment advice. For informational purposes only.