SBI Cards' shares fall by 6.7% as PE giant Carlyle sells 5.1% stake

Shares of SBI Cards and Payment Services fell as much as 6.7 per cent as private equity major Carlyle divested 5.1 per cent holdings through a series of block deals. 

After dropping to a low of Rs 981.3, the scrip ended at Rs 1,008, down 4.2 per cent over previous day’s close.

Carlyle sold 48 million shares at Rs 1,002 apiece to raise Rs 4,810 crore. The shares were held by Carlyle affiliate firm CA Rover Holdings.

Morgan Stanley Asia bought shares worth Rs 542 crore, data provided by stock exchange showed.

At the end of March quarter, Carlyle held