Deals27 Nov 2025, 08:39 am
CarTrade Tech Ltd Calls Off Consolidation Talks with Girnar Software
AI Summary
CarTrade Tech Limited has announced that it has decided not to proceed with the potential consolidation opportunity with Girnar Software Private Limited regarding the automotive classifieds businesses (CarDekho and BikeDekho) in India. The decision comes after preliminary discussions. The company will continue to focus on strengthening its existing portfolio of businesses across its platforms, including CarWale, BikeWale, OLX India, and Shriram Automall. It will also pursue its strategic roadmap, drive product and technology innovation, and enhance value across its diversified ecosystem.
Key Highlights
- CarTrade Tech Ltd and Girnar Software Private Limited have decided not to proceed with the proposed consolidation of their automotive classifieds businesses
- The decision comes after preliminary discussions
- CarTrade Tech Ltd will continue to focus on strengthening its existing portfolio of businesses
- The company will also pursue its strategic roadmap, drive product and technology innovation, and enhance value across its diversified ecosystem
- Any development requiring disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be communicated to the Stock Exchanges