SBI Share Price in Focus as Bank Signs Term Sheet to Acquire 9.90% Stake in CGIL

State Bank of India has entered into a non-binding term sheet with Care Ratings Limited to purchase 29.7 lakh shares of CareEdge Global IFSC Limited. The development comes as SBI share price continues to trade close to its lifetime high.

SBI to Acquire Up to 9.90% Stake in CGIL

In an exchange filing under Regulation 30 of SEBI’s Listing Regulations, State Bank of India announced signing a non-binding term sheet with Care Ratings Limited. The agreement outlines SBI’s plan to acquire 29,70,000 equity shares of CareEdge Global IFSC Limited, representing up to a 9.90% stake, pending execution of a definitive agreement.

The acquisition aims to support strategic collaboration within financial services. Final details, including valuation and commercial terms, will be concluded once the definitive agreement is executed.

Market Milestone for SBI

SBI recently became the first public sector bank to cross a market capitalisation of ₹9 trillion. The stock also hit a fresh all-time high of ₹976.80, supported by strong investor sentiment and sustained performance over multiple time horizons.

Over the past five years, the stock has delivered returns of 286%, reflecting consistent momentum across both long-term and short-term periods.

State Bank of India Share Price Performance

On November 19, 2025, State Bank of India share price opened at ₹972.45, compared to the previous close of ₹972.45. During the session, the stock touched a high of ₹978.75 and a low of ₹968.80. At 12:41 PM IST, it was trading at ₹977.00, up by 0.47%.

The stock recorded a traded volume of 29.87 lakh shares and a traded value of ₹290.97 crore on the NSE. The market capitalisation stood at ₹9,02,523.63 crore. Over the past 52 weeks, State Bank of India has hit a high of ₹978.65 and a low of ₹680.00. The stock is currently trading at a P/E ratio of 11.09.

Read More: SBI Hits New Peaks After 286% 5-Year Surge.

Conclusion

SBI share price remained strong on November 19 as the bank moved forward with its plan to acquire up to 9.90% stake in CareEdge Global IFSC Limited. The stock’s sustained momentum reflects continued investor interest, supported by milestones in market capitalisation and operational performance.

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