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Carlyle sells 2.78% stake in SBI Cards for Rs 2,229 cr

CA Rover Holdings, an affiliate firm of the Carlyle Group, sold a total of 26.17 million shares at Rs 852 apiece, shows data provided by the stock exchange

An SBI card (Representational image)
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An SBI card (Representational image)

BS Reporter Mumbai
Private equity firm Carlyle Group on Tuesday sold 2.78 per cent stake in SBI Cards & Payments Services for Rs 2,229.3 crore via block deals.

CA Rover Holdings, an affiliate firm of the Carlyle Group, sold a total of 26.17 million shares at Rs 852 apiece, shows data provided by the stock exchange. The names of the buyer weren't disclosed

Shares of SBI Cards ended 4.32 per cent lower at Rs 839. At the end of December 2021 quarter, Carlyle held 3.09 per cent stake in SBI Cards. 

In 2017, Carlyle had acquired 26 percent stake in SBI Cards from

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