MacRitchie Investments sells 3.74% stake in CarTrade for Rs 470 crore; Smallcap World Fund, Norges Bank buy shares

MacRitchie Investments Pte Ltd sold 18.20 lakh shares, representing a 3.74% stake in CarTrade Tech, for Rs 470.11 crore through a bulk deal on Friday, November 6. Smallcap World Fund Inc and Norges Bank were among the buyers, according to data available on the BSE.

The shares were sold at an average price of Rs 2,583 apiece. Smallcap World Fund purchased 14.30 lakh shares, or a 2.94% stake, for Rs 369.25 crore, while Norges Bank, on behalf of the Government Pension Fund Global, acquired 2.94 lakh shares, representing a 0.60% stake, for Rs 75.85 crore.

According to the company's exchange filing, MacRitchie Investments held 33,14,570 shares, or a 6.82% stake, in CarTrade Tech as of September 30, 2026. Following Friday's sale, its holding would stand at approximately 14.95 lakh shares, or 3.08%, assuming no other changes in its shareholding.


Meanwhile, Smallcap World Fund held 15,65,495 shares, representing a 3.22% stake, as of September 30, 2026, according to the BSE shareholding pattern. Following Friday's purchase, its holding would increase to approximately 29.95 lakh shares, or 6.16%, assuming no other changes.

CarTrade Tech shares settled at Rs 2,699.30 apiece on the BSE on Friday, gaining 3.72% from their previous close of Rs 2,602.45. During the session, the stock moved in a range of Rs 2,569.60 to Rs 2,712.90.

Despite Friday's gains, the stock has declined 4.55% so far in 2026. The company had a market capitalization of Rs 13,123 crore on the BSE.

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CarTrade Tech Q2FY27 results

CarTrade Tech reported a net profit of Rs 66 crore in Q2FY27, up 3.1% from Rs 64 crore in the corresponding quarter of the previous financial year.

Revenue from operations increased 10.2% year-on-year to Rs 213.09 crore in the September quarter, compared with Rs 193.41 crore in Q2FY26.

Total expenses rose 6% year-on-year to Rs 150.77 crore during the quarter, against Rs 142.21 crore in the year-ago period, according to the company's regulatory filing.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here