PE major Carlyle to sell 5.1% stake in SBI Cards on Friday

Topics Carlyle | SBI Cards | Credit Card

Private equity (PE) major Carlyle plans to offload 5.1 per cent take in SBI Cards and Payment Services on Friday. 

A total of 48 million shares of the credit card company will be on offer in the range between Rs 1,002 to Rs 1,041.3 per share--- a discount of 1 per cent and 4.7 per cent to last closing price of Rs 1,051.7. 

At the top-end, the share sale is worth Rs 4,998 crore. At the end of March quarter, Carlyle held 11.61 per cent stake in SBI Card. Carlyle couldn't be reached immediately for a comment.

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