How do you see the proposed investment outlay of $100 million by CarTrade?
Answer
Answer
CarTrade Tech will invest $100 million or equivalent to Rs.750 crore in inorganic acquisitions. CarTrade will look for automotive targets in the verticals like auto finance, auto leasing, insurance, servicing, electric vehicles etc. It may be recollected that CarTrade has acquired CarWale, Shriram Automall BikeWale and Adroit Auto in the past. However, the stock has been a total underperformer since its listing and now needs a story.