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CA Rover Holdings sells 2.6 crore shares of SBI Cards

06 Apr 2022 Evaluate

US private equity fund CA Rover Holdings, part of the Carlyle Group has offloaded 2.6 crore shares of SBI Cards and Payment Services for over Rs 2,229 crore through an open market transaction. CA Rover Holdings sold 2,61,73,488 shares of SBI Cards at an average price of Rs 851.73 apiece. CA Rover Holdings held 3.09 per cent stake in SBI Cards as a public shareholder at the end of December 2021.

SBI Cards and Payment Services is a payment solutions provider in India.

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