Carlyle sells 3.4% stake in SBI Cards in two separate block deals

Topics Carlyle Group | SBI Cards

SBI Cards
CA Rover Holdings, an affiliate of private equity (PE) firm Carlyle Asia, divested 3.4 per cent stake in SBI Cards and Payment Services on Tuesday in two separate block trades.

As per information disclosed by NSE, two tranches of 16 million shares each got executed at around Rs 1,021 apiece. Societe Generale picked up 8.5 million shares for Rs 868 crore. The names of other buyers couldn’t be ascertained. Shares of SBI Cards fell 0.11 per cent to close at Rs 1,070 after dropping to as low as Rs 1,012.

CA Rover Holdings has set the price band for the share sale at Rs 1,021–Rs 1,072.3 per share. The PE firm raised Rs 3,268 crore from the share sale.

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