Temasek continues selling spree in CarTrade, sheds about 2% stake

Quick Summary:

This marks the third sell-off by the Singapore-based investment firm as shares of the car marketplace soars.

However, the firm had reaffirmed its optimism in the country and has planned to invest around $10 billion over the next three years with its managing director for investments in India Vishesh Shrivastav adding that the country has delivered the highest returns for the company in the last decade.

The transaction was executed through Temasek’s wholly-owned subsidiary, MacRitchie Investments—an early backer of the Mumbai-based company.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaHong KongSingapore

Topics: Cartrade Crore Firm Company Last Market Privacy Policy Shares Sold Temasek

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 06:37:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 334 words

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Sentences: 19 lines

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News ID: 27187243

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