Carlyle Subsidiary Sells SBI Cards’ Shares Worth Rs 4,810 Crore

CA Rover Holdings on Friday sold 4.80 crore shares of SBI Cards and Payment Services worth Rs 4,810 crore, according to exchange data.

The company, a subsidiary of Carlyle Group, sold shares between the price range of Rs 1,002 to Rs 1,003.27 per share through open market transactions on BSE and NSE.

According to the bulk deal data on BSE, CA Rover Holdings sold 1.05 crore shares of SBI Cards in the price range of Rs 1,002 to Rs 1,003.27 per share aggregating to Rs 1,061.15 crore.

As per the NSE's bulk deal data, the company sold 3.74 crore shares in the price range of Rs 1,002.01 to Rs 1,002.38 per share aggregating to Rs 3,749.81 crore.

As of March-end, CA Rover Holdings’ stake in SBI Cards stood at 11.61%. After these transactions the company’s stake in SBI Cards has reduced by 5.1%.

Meanwhile, Morgan Stanley Asia (Singapore) Pte purchased 54.09 lakh shares of SBI Cards at Rs 1,002 per share aggregating up to Rs 542.03 crore.

SBI Cards' shares on Friday fell 4.03% to Rs 1,005.70 apiece on BSE and fell 4.16% to Rs 1,008 per share on NSE.