CA Rover Holdings, part of the Carlyle Group, has sold 3.4 per cent stake in SBI Cards and Payment Services for Rs 3,267 crore through open market transactions. The shares were sold at an average price of Rs 1,021.05, valuing the transaction at Rs 3,267 crore. Earlier in June, CA Rover Holdings had offloaded shares of SBI Cards worth about Rs 4,811 crore. Prior to that, it had divested 4.25 per cent stake in SBI Cards for Rs 3,943 crore.
SBI Cards and Payment Services is a payment solutions provider in India.
