The listed vehicle classifieds site CarTrade has made the decision not to move forward with its plan to acquire CarDekho's parent company, Girnar Software Private Limited. In an exchange filing, CarTrade stated that it would like to notify the exchange that the parties have agreed to not move
According to various media reports, CarTrade Tech is planning to buy CarDekho (Girnar Software Pvt. Ltd.) in a significant consolidation move in India's online car industry. The sale is in early stages and is anticipated to be structured as a cash-and-stock transaction, according to a report by CNBC-TV18.
📄Company Profiles
CarTrade Tech began its journey in 2000, originally incorporated in Mumbai as Kaymo Fastener Company Private Limited. Over the years, the company evolved and rebranded, first becoming MXC Solutions India Private Limited in 2009 and later transitioning to CarTrade Tech Private Limited in 2021. Beyond its business operations, CarTrade Tech