Carlyle to sell 3.4% stake in SBI Cards for $443m

Carlyle to sell 3.4% stake in SBI Cards for $443m

Private equity firm Carlyle will nearly halve its stake in SBI Cards and Payment Services Ltd for as much as $443m. CA Rover Holdings, a Carlyle entity, which as of 30 June held a 6.5% stake in the credit card issuer, will sell around 32 million shares, or a 3.4%...