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CarTrade shares rise 5% on merger talks with CarDekho signaling sector consolidation
CarTrade Tech gained 5% on news of ₹5,000 crore CarDekho merger talks to form India’s largest auto marketplace by revenue and scale.
CarTrade Tech shares advanced 5% to ₹726 after the company confirmed initial talks to acquire CarDekho in a cash-and-stock deal valued near ₹5,000 crore. The potential merger aims to create India’s largest online automotive marketplace with combined annual revenue exceeding ₹1,400 crore. Both firms operate profitable digital platforms serving dealers and retail buyers.
The deal, if finalized, will enhance scale in auto-financing and after-sales segments. CarTrade’s market capitalization stood at ₹8,600 crore after the announcement as trading volumes rose fourfold on the NSE.