In another transaction, Societe Generale bought 8.5 million shares of SBI cards at Rs. 1,021 apiece through a bulk deal on the NSE.

This is Carlyle’s third transaction in 2021. In June, the US PE fund sold a 3.98 per cent stake, or 37.4 million shares, in SBI Cards worth...

The sale price has been fixed at Rs 1021 to Rs 1072.30 a piece, which is as much as 4.78 per cent lower than Monday’s closing price of Rs 1...

CA Rover Holdings, an affiliate of Carlyle Asia, offered to sell 48 million shares in a price band of Rs 1,002-1,041.30 in India’s second-b...

Prior to the transaction, CA Rover Holdings held 11.61 per cent stake in the credit card company, promoted by State Bank of India.

Cues from global markets were weak as investors are still assessing the impact of the US Federal Reserve's hawkish tilt on interest rates a...

The SBI Cards stock has gained over 70 per cent in the last one year.

CA Rover Holdings holds 11.61% in India’s second-largest credit card firm; deal likely to take place today at ₹1,002-1,041.3 per share

SBI Cards is a standalone entity unlike other credit card businesses. The company which has increased its card base to double over the past...

PNB has set up a wholly-owned subsidiary to manage its credit card business.

Prior to the stake sale, Carlyle held 15.86 per cent stake in the credit card company promoter by State Bank of India.

The stock fell 4.4 per cent to hit a low of Rs 977.20 on BSE.

The sale price has been fixed at Rs 981.80 to Rs 1,022.10 apiece, upto 3.9% discount to Tuesday’s closing price of Rs 1022. As of December ...

SBI Cards IPO is now open for subscription.

SBI holds 76 per cent in SBI Cards and the rest is held by the Carlyle Group.

The company will offer up to 130,526,798 equity shares via offer for sale route.

About 1.31 crore shares have been reserved for SBI shareholders.