asia

Morgan Stanley Asia (Singapore) picks 0.58% stake in SBI Card



Morgan Stanley Asia (Singapore) acquired 0.58% stake in SBI Cards and Payment Services via bulk deal on 18 June 2021.

According to the NSE bulk deal data, Morgan Stanley Asia (Singapore) acquired 54.09 lakh shares (equivalent to 0.58% stake) in SBI Cards and Payment Services on 18 June 2021.

CA Rover Holdings, a subsidiary of Carlyle Group, offloaded 4.80 crore (equivalent to 5.10% stake) of SBI Cards via multiple bulk deals on Friday.





As on 31 March 2021, CA Rover Holdings held 10,91,73,488 shares, or 11.608% stake, of SBI Cards & Payment Services.

As per the bulk deal data on the BSE, CA Rover Holdings sold 55,84,076 shares at a price of Rs 1002 each. It sold another 50 lakh shares at Rs 1003.27 per share.

As per the bulk deal data on the NSE, CA Rover Holdings sold 1,84,15,924 shares at Rs 1002.01 each and another 1.90 crore shares at Rs 1002.38 per share.

Simultaneously, Morgan Stanley Asia (Singapore) acquired 54.09 lakh shares (equivalent to 0.58% stake) in SBI Cards and Payment Services via bulk deal on the NSE on Friday (18 June 2021).

SBI Cards and Payment Services is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel and banking partnerships cards along with corporate cards covering all major cardholders’ segments in terms of income profile and lifestyle.

On a standalone basis, SBI Cards and Payment Services’ net profit soared 109.95% to Rs 175.42 crore on 1.68% decline in total income to Rs 2,468.14 crore in Q4 FY21 over Q4 FY20.

See also  Huawei escalates row by suing US government

The scrip shed 0.63% to end at Rs 999.40 on the BSE on Monday.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more