Latest Breaking News On - Cartrade - Page 8 : comparemela.com

CarTrade files for IPO May 17, 2021 × CarTrade platform allows customers to buy/sell new/used cars; its brands are CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, AutoBiz Online auto classified platform CarTrade Tech has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial share-sale. The initial public offer (IPO) will be entirely an offer-for-sale (OFS) of 12,354,811 equity shares, the draft red herring prospectus (DRHP) filed with SEBI showed on Monday. Among the investors participating in the OFS are CMDB II (16.07 lakh equity shares), Highdell Investment Ltd (53.79 lakh shares), Macritchie Investments Pte Ltd (35.68 lakh shares), Springfield Venture International (11.24 lakh shares) and Bina Vinod Sanghi (1.83 lakh shares).

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