Cartrade Tech Share Price Falls 5% After Proposed Deal with Girnar Software Called Off

Cartrade Tech share price falls 5% after proposed deal with Girnar Software called off

Cartrade Tech share price plunged nearly 4.75% to ₹3,025.10 apiece after the company announced that the preliminary discussions with Girnar Software has been called off.

CarTrade Tech slides 5% as talks to absorb CarDekho, BikeDekho collapse

CarTrade Tech shares fell 5% after the company and Girnar Software mutually agreed not to proceed with the proposed acquisition of CarDekho and BikeDekho, a deal that could have reshaped Indias automotive classifieds and digital auto-retail market.

CarTrade’s $1.2-billion CarDekho acquisition talks come unstuck

In a regulatory filing, CarTrade said the two companies have mutually decided not to move ahead with the proposed acquisition, ending months of discussions around one of the auto-tech sector’s biggest consolidation bets.

CarTrade Drops CarDekho Acquisition Bid

The listed vehicle classifieds site CarTrade has made the decision not to move forward with its plan to acquire CarDekho's parent company, Girnar Software Private Limited. In an exchange filing, CarTrade stated that it would like to notify the exchange that the parties have agreed to not move forward with the proposed transaction at this time.As a result, the transaction is not currently being pursued. The reason CarTrade decided against moving …

CarTrade drops $1.2-billion CarDekho deal after months of negotiations

New Delhi: CarTrade Tech has confirmed that discussions to acquire CarDekho, a deal valued at more than $1.2 billion, have been discontinued after both companies decided not to move forward. In a regulatory filing on November 27, CarTrade stated that the two sides had “mutually decided not to proceed with the proposed transaction at this stage”, bringing to a close months of negotiations around what would have been one of the biggest consolidati…

CarTrade Pulls Plug On CarDekho Acquisition

Listed auto classifieds platform CarTrade has decided to not proceed with the proposed acquisition of Girnar Software Private Limited, the parent entity of CarDekho.  “We wish to inform you that the parties have mutually decided not to proceed with the proposed transaction at this stage. Accordingly, the transaction is not being pursued for now,” CarTrade said in an exchange filing.  CarTrade did not mention the reason behind not going ahead wit…