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CarTrade Tech Ltd. Halts Consolidation Plans, Focuses on Core Growth

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CarTrade Tech Ltd. Halts Consolidation Plans, Focuses on Core Growth

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An update from CarTrade Tech Ltd. ( (IN:CARTRADE) ) is now available.

CarTrade Tech Ltd. has announced that it will not proceed with a previously considered consolidation with Girnar Software Private Limited in the automotive classifieds sector. The company remains committed to strengthening its existing business portfolio and pursuing strategic growth opportunities, focusing on product and technology innovation across its platforms.

More about CarTrade Tech Ltd.

CarTrade Tech Ltd. operates in the automotive classifieds industry, focusing on platforms like CarWale, BikeWale, OLX India, and Shriram Automall. The company offers services related to buying and selling vehicles, leveraging a large and expanding total addressable market.

Average Trading Volume: 25,187

Technical Sentiment Signal: Buy

Current Market Cap: 147.8B INR

See more insights into CARTRADE stock on TipRanks’ Stock Analysis page.

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