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CarTrade raises INR 900 Cr from Anchor Investors, as IPO subscription kicks off

Shortpedia

Content Team
Image Credit: shortpedia

Online auto classified platform 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. “… under Anchor Investors (AIs) portion in the Public Issue of Cartrade Tech Limited, 55,59,664 Equity Shares have been subscribed today at Rs. 1618 per equity share,” said a statement.