Private equity farm Carlyle Group Sell 3.4% stake SBI card 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. stock In the price range of Rs 1,021 to Rs 1,072.3 per share. stock of SBI card 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.
Carlyle sells 3.4% stake in SBI Card, putting 32 million shares in the block
https://www.business-standard.com/article/companies/carlyle-to-divest-3-4-stake-in-sbi-cards-puts-32-mn-shares-in-the-block-121092001233_1.html Carlyle sells 3.4% stake in SBI Card, putting 32 million shares in the block