CA Rover Holdings (CARH), a subsidiary of Carlyle group has offloaded more than 4.7 crore shares of SBI Cards and Payment Services worth about Rs 4,811 crore through open market transactions on BSE and NSE.
With the latest sale of shares, the group's shareholding in the company fell below 10 per cent, following which its nominee director on SBI Card's board -- Sunil Kaul -- stepped down.
SBI Cards and Payment Services is a payment solutions provider in India.