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Meet Vinay Sanghi, whose Rs 2650 crore company is set to buy OLX India's Auto Business for Rs 537 crore

Vinay Sanghi founded CarTrade Tech in 2009. His company will acquire a 100% stake in Sobek Auto India Pvt Ltd.

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CarTrade Tech acquires OLX's business in India

CarTrade Tech acquires OLX's business in India
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CarTrade Tech acquires OLX's business in India for Rs 537 crore, stock down 3%

CarTrade Tech has acquired the business of OLX in India, a regulatory filing stated. Following the announcement, the company s stock declined by three percent.

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CarTrade Tech reports its highest ever Revenue and Adjusted EBITDA.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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CarTrade In The Black In FY23, Posts Profit Of INR 40 Cr

CarTrade Tech on Friday reported a consolidated net profit of INR 40.43 Cr in FY23 as against a net loss of INR 121.35 Cr in FY22.

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