Warburg Pincus sells stake in CarTrade Tech

Mumbai: Warburg Pincus, through its affiliate Highdell Investment, and Macritchie Investments Pte, an indirect wholly-owned subsidiary of Singapore-based Temasek Holdings, sold a portion of their stakes in CarTrade Tech, in a bulk deal worth 505.12 crore on the BSE on Monday. Highdell sold over 40.65 lakh shares at 828.58 apiece, and Macritchie sold about 20.32 lakh shares at 828 per share.

Goldman Sachs India Equity Portfolio, Societe Generale and US-based Verition Multi-Strategy Master Fund were the top buyers at 828 per share. Shares of CarTrade Tech ended 2.33% lower at 836.95 on Monday.