Carlyle arm CA Rover Holdings sells 5.1% stake worth $650m in India's SBI Card

CA Rover Holdings, an arm of private equity giant Carlyle, on Friday sold 48 million shares or 5.1% stake in SBI Cards and Payment Services for ₹4,811 crore in a bulk deal.

According to the data available on the exchanges, CA Rover Holdings sold 37.42 million shares of SBI Card at an average price of ₹1,002.20 per share, aggregating to ₹3,750 crore on the NSE, and 10.58 million shares at ₹1,002.64 totalling ₹1,061.16 crore.

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