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Jardine Matheson : Directorate Change

Jardine Matheson bolsters board with Carlyle s Janine Feng

Jardine Matheson Holdings Ltd announced on Monday that Janine Feng will join its board as an independent non-executive director with effect from May 5. Feng is a managing director at private equity. | April 17, 2023

SBI Card dips 4% after over 40 million shares change hands via block deal

Shares of SBI Cards and Payment Services declined up to 4.4 per cent to Rs 977 on the BSE in the intra-day trade on Wednesday after over 40 million equity shares changed hands via block deal. At 09:15 am, around 41.89 million equity shares, representing 4.5 per cent of total equity of SBI Cards and Payment Services, changed hands on the counter on the BSE, exchange data shows. The names of the buyers and sellers, howver, could not be ascertained immediately. According to reports, US private equity fund CA Rover Holdings, an affiliate of Carlyle Asia Partners, is looking to sell 4 per cent stake in SBI Cards and Payment Services worth $514 million or Rs 3,728 crore through a block deal. The sale price has been fixed at Rs 981.80-1,022.10 apiece, down 3.9 per cent than Tuesday s closing price of Rs 1,022.

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