Financial services firm Capital Group has acquired a little over 3 percent stake in CarTrade Tech for nearly ₹440 crore through an open market transaction. This major investment highlights growing interest from global investors in India’s digital automotive marketplace sector. According to bulk deal data released by the BSE, the purchase was executed through Capital Group’s affiliate, SmallCap World Fund. The fund bought around 14.44 lakh equity shares of CarTrade Tech, representing 3.03 percent of the company’s total shareholding. The shares were purchased at an average price of ₹3,044.58 per share, taking the total value of the transaction to approximately ₹439.91 crore.
On the same day, global investment firm Goldman Sachs reduced its stake in CarTrade by selling about 2.25 percent equity. Through three affiliated entities, Goldman Sachs sold 10,71,379 shares at an average price of ₹3,044.49 per share, amounting to a deal size of about ₹326.18 crore. The change in shareholding comes at a time when CarTrade Tech continues to strengthen its position as a multi-channel platform for buying and selling vehicles, supported by increasing digital adoption in the automotive retail market.
The contrasting moves by the two global financial institutions indicate active interest and portfolio adjustments around India’s growing auto-tech industry. While Goldman Sachs partially exited its holding, Capital Group’s investment signals confidence in CarTrade’s long-term growth and market potential. Investors and industry watchers will now look toward upcoming financial results and expansion plans to understand future developments around the company’s strategy and performance in the competitive mobility ecosystem.
