Private equity firm The Carlyle Group Inc. (NasdaqGS:CG) will nearly halve its stake in SBI Cards and Payment Services Limited (BSE:543066) for as much as $443 million, or INR 32.672 billion, according to deal terms seen by Mint. 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% stake in the company, through a block trade. Carlyle will offer the shares at an indicative price band of INR 1,021 to INR 1,072.3 apiece. On September 20, 2021, shares of SBI Cards closed at INR 1,071.70 on BSE. The shares have risen almost 26% since the start of the year. Bank of America and Citigroup are advising Carlyle on the transaction.