Carlyle-backed SBI Cards gets more PE, sovereign funds as investors ahead of IPO

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SBI Cards & Payment Services Ltd, which counts US private equity major Carlyle Group as its backer, has raised Rs 2,768.55 crore ($385 million) from a bunch of anchor investors that include PE firms and sovereign wealth funds. India’s second-largest credit-card issuer allotted nearly 36.67 million shares at the upper end ......