Temasek sells 3.74% CarTrade stake for ₹470 crore
In short
Temasek sold 18.20 lakh shares in CarTrade Tech through its affiliate MacRitchie Investments Pte Ltd. The stake sale was 3.74% and was worth ₹470 crore.
What the reporting says
Temasek, through affiliate MacRitchie Investments Pte Ltd, offloaded 18.20 lakh shares in Navi Mumbai-based CarTrade Tech, representing a 3.74% stake. The sale was valued at ₹470 crore. The transaction reduces Temasek’s holding in the company through its affiliate.
Why it matters
Temasek, via MacRitchie Investments Pte Ltd, sold 18.20 lakh shares in CarTrade Tech, amounting to a 3.74% stake and valued at ₹470 crore. The block sale reduces the investor’s exposure in the listed company. Such a stake sale can matter to market participants watching ownership changes and large-shareholder exits.