CarTrade Tech has witnessed significant activity in the stock market with major block deals on Monday. Highdell Investment and Macritichie Investments are set to sell 7% and 3.4% stakes respectively in CarTrade Tech. The floor price for these transactions is set at ₹820 per share, which is a 4.3% discount to the previous closing price. Additionally, a base deal of $48 million (INR 4,000 million) with an option to upsize to $60 million (INR 5,000 million) has been announced. According to BSE data, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66% stake in CarTrade Tech. Overall, 15% equity worth ₹588 crore changed hands in large trades.
Block Deal Alert: #HappiestMinds promoter Ashok Soota launches Rs 754 crore sale @VivekIyer72 https://t.co/AdmHgrl99T
According to the bulk deal data available on the BSE, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66 per cent stake in CarTrade Tech https://t.co/OXKBqpcFkS
#CarTradeTech Block Deal: 15% equity worth ₹588 crore changes hands in large trade @VivekIyer72 https://t.co/DVtONINgDO
CarTrade Tech: Highdell Investment and Macritichie Investments likely to sell 7% and 3.4% stake respectively on Monday via block deals. The floor price of ₹820 per share is a 4.3% discount to Friday's closing price.
#NewsFlash | Highdell Investement & Macritichie Investments are likely to sell 7% & 3.4% equity each in Car Trade tomorrow Sources to @VivekIyer72 https://t.co/KoSQqZbA6x
Block Deal Alert | CarTrade Tech: Base Deal of $48 Mn / INR 4,000 Mn with an option to upsize to $60 Mn / INR 5,000 Mn @Car_Trade https://t.co/EYYS4wTmaN