Temasek trims its stake in CarTrade by 4%

Temasek has sold around 4% stake in CarTrade Tech through open market transactions worth around Rs 470.11 crore. Temasek, through its affiliate MacRitchie Investments, has offloaded 18.20 lakh shares of the company at average price of Rs 2,583.00 apiece. Meanwhile, Smallcap World Fund Inc bought around 14.30 lakh shares for around Rs 369.25 crore and Norges Bank on account of the government Pension Fund Global acquired around 2.94 lakh shares for around Rs 75.85 crore. View : Global giants Capital Group and Norway’s Sovereign Wealth Fund quickly snapped up the 3.54% stake, signaling a powerful endorsement of CarTrade’s business model and growth potential. Temasek’s stake reduction reflects a routine portfolio realignment rather than a loss of confidence, ultimately boosting CarTrade Tech’s market liquidity and institutional profile. Disclosure : I do not hold any position in the mentioned stock. This is only for educational purpose. CARTRADE