SBI Cards in Focus as Carlyle Asia is set to further pare stake via block deals as per reports
CA Rover Holdings to sell 3.2 cr shares (3.4% stake) via block deal
Alert: CA Rover Holdings is an affiliate of Carlyle Asia
Indicated price band Rs 1021-1072/sh (0-4.8% disc)
To raise 3 (Rs. 3267cr) m at lower end of price range
Citigroup & BoFA Sec book-runners
CA Rover Holdings held 6.5% stake in Company at end of June 2021
This follows Carlyle selling a 5.1% stake in SBI Cards for ₹4,811 crore in June, while in March, it offloaded a little more than 4% in the credit card company for about ₹3,800 crore through block deals. The stake sales followed SBI Cards’ public listing in March last year.