CarTrade Tech shares jump 17% on acquisition of OLX India’s auto business

CarTrade Tech shares jump 17% on acquisition of OLX India’s auto business

Multi-channel auto platform CarTrade Tech‘s shares jumped nearly 17% on the NSE in Tuesday’s trade after the company said it will acquire 100% stake in Sobek Auto India Private Limited from OLX India BV. The cost of acquisition of Sobek will be for a consideration of Rs 537.43 crore which is to be paid on … Read more