CarTrade raises INR 900 Cr from Anchor Investors

What's the news?

CarTrade Tech will launch its initial share sale today after it raised INR 899.5 Cr from anchor investors last week, according to a statement on the exchanges. The issue started today and will conclude on August 11 and the price band has been fixed at INR 1,585-INR 1,618 a share. 

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The IPO is an offer for sale of up to 18,532,216 equity shares held by CMDB II, Highdell Investment Ltd, Macritchie Investments Pte. Ltd, Springfield Venture International, Daniel Edward Neary, Shree Krishna Trust, Victor Anthony Perry III, Bina Vinod Sanghi, Seena Vinod Sanghi and the company’s founder Vinay Vinod Sanghi. 

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