CARE Ratings' board has approved an Interim Dividend of Rs. 8 per equity share for FY2025-26, a direct payout to shareholders. The record date for determining eligibility for this dividend is November 19. Payments will be disbursed within statutory timelines.
In other key decisions, the company also approved the financial results for the quarter and half-year ended September 30. Furthermore, it plans to sell up to a 9.9% stake each in its subsidiary, CareEdge Global IFSC Limited, to State Bank of India and NSE IFSC Limited, fetching a total consideration of Rs. 5.94 Cr. This will make CareEdge Global an 80.20% owned subsidiary, marking a strategic shift.