Capital Group buys CarTrade Tech shares worth Rs 440 crore

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Financial services firm Capital Group on Thursday bought over 3% stake in multi-channel auto platform CarTrade Tech for Rs 440 crore through an open market transaction.

US-based Capital Group, through its affiliate SmallCap World Fund, purchased more than 14.44 lakh equity shares, representing a 3.03% stake in Navi Mumbai-based CarTrade Tech, as per the bulk deal data available on the BSE.

The shares were picked up at an average price of Rs 3,044.58 apiece, taking the transaction value of Rs 439.91 crore.

Meanwhile, global investment firm Goldman Sachs,…



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Capital Group buys CarTrade Tech shares worth Rs 440 crore



Financial services firm Capital Group on Thursday bought over 3% stake in multi-channel auto platform CarTrade Tech for Rs 440 crore through an open market transaction.

US-based Capital Group, through its affiliate SmallCap World Fund, purchased more than 14.44 lakh equity shares, representing a 3.03% stake in Navi Mumbai-based CarTrade Tech, as per the bulk deal data available on the BSE.

The shares were picked up at an average price of Rs 3,044.58 apiece, taking the transaction value of Rs 439.91 crore.

Meanwhile, global investment firm Goldman Sachs,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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