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 ($650M) 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 ($505M) on the NSE, and 10.58 million shares at ₹1,002.64 totalling ₹1,061.16 crore ($145M).
Morgan Stanley Asia (Singapore) PTE – ODI bought 5.41 million shares at ₹1,002 apiece worth ₹542 crore ($75M), data provided by the stock exchange showed.
Source: Deal Street Asia
By Ashwin Ramarathinam
