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.
