Business & Investment

Carlyle sells 3.4% stake in SBI Card, putting 32 million shares in the block

Private equity farm Sell ​​3.4% stake Settlement service by block trade on Tuesday.Carlyle’s subsidiary CA Rover Holdings has blocked 32 million, according to a term sheet reviewed by Business Standards. In the price range of Rs 1,021 to Rs 1,072.3 per share. of Finally, the closing price was 1,071.7 rupees, down 0.6% in BSE.

At the lower end of the price range, Carlyle can raise Rs 326.72 ($ 443 million). BofA Securities and Citigroup Global Markets are handling the sale of shares. At the time of the listing of SBI Card in March 2020, Carlyle held a 15.89% stake in credit card majors. Since then, US-based PE has sold its stakes in several tranches. In June 2021, PE investors offloaded a 5.1% stake, raising more than Rs 4,800 at an average price of around Rs 1,002. In March 2021, it sold about 4.25% for Rs 3,940.

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Carlyle sells 3.4% stake in SBI Card, putting 32 million shares in the block Carlyle sells 3.4% stake in SBI Card, putting 32 million shares in the block

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