CARE Ratings: Update on sale of partial stake held by the Company in its wholly owned subsidiary i.e. CareEdge Global IFSC…
CARE Ratings (CARERATING) filed a disclosure titled "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". The company is valued at about ₹4,821 crore.
What happened
CARE Ratings (CARERATING) filed a disclosure with the exchanges on 19 October 2026 at 02:23 PM titled "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".
Company snapshot
CARE Ratings is a small-cap company, with a market value of about ₹4,821 crore.
The stock last traded at ₹1,603.9, against a 52-week range of ₹1,392.7–₹1,838 (12.7% below the high).
Before this filing the shares had moved −2.9% over the month and −4.0% over three months. Average daily turnover over the last 20 sessions was about ₹7.82 crore.
Promoters held 0.00% at the end of Q1 FY27. Foreign institutions owned 23.41% and domestic institutions 31.58%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 94 | 25.8 | 8.61 |
| Q2 FY26 | 136 | 56.7 | 18.9 |
| Q3 FY26 | 112 | 35.9 | 11.96 |
| Q4 FY26 | 131 | 52.8 | 17.58 |
| Q1 FY27 | 112 | 32.3 | 10.73 |
What history shows
BCEIE has no earlier fund raising filing from this company on record since May 2026.
Market-wide, 1,616 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 29 October 2026: Board meeting — Financial Results/Dividend.
In the news
Recent coverage elsewhere (links open the original publisher):
- Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026
- CARE Ratings Upgrades Adani Enterprises to Highest-Ever 'AA'
- Zim Laboratories Long-Term Outlook Revised to Negative by CARE Ratings
- HP Adhesives HPAL Credit Rating Reaffirmed by CARE Ratings
- Madan Sabnavis, Chief Economist, CARE Ratings, News, Photos and Videos
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.