InvestorQ : What was the total number of shares sold by Carlyle in SBI Cards on Tuesday?
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What was the total number of shares sold by Carlyle in SBI Cards on Tuesday?

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Dawn Cherian answered.
2 months ago
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As was already reported a day before, Carlyle sold a total of 3.4% stake in SBI Cards & Payment Services through its sister fund, CA Rover. A total of 3.2 crore shares were sold through open market transactions, as reported in the bulk deals data for the say. The transaction happened at the lower end of the price band indicated by Carlyle of Rs.1,021 per share. Not surprisingly, the stock came under price pressure on higher supply.

Carlyle sold the entire bunch of 3.2 crore shares in a range of 25 paisa split between Rs.1,021.01 and Rs.1,021.25 in equal measure. It may be recollected that Carlyle had picked up a 26% stake in SBI Cards from GE Capital in 2017 for Rs.2,000 crore. On that deal, this latest sales is more than a 10-bagger for Carlyle. The biggest buyer of the shares of SBI Cards on the stock exchange was Societe Generale which bought 85.06 lakh shares.

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