Cartrade Tech share price plunged nearly 4.75% to ₹3,025.10 apiece after the company announced that the preliminary discussions with Girnar Software have been called off.
In an exchange filing dated November 27, the company informed that both the parties have mutually decided not to proceed with the proposed transaction at this stage.
“This is further to our earlier intimation dated November 11, 2025, wherein CarTrade Tech Limited (“the Company”) had informed the Stock Exchanges that it was in preliminary discussions with Girnar Software Private Limited regarding a potential consolidation opportunity in the automotive classifieds businesses (CarDekho and BikeDekho) in India,” the company said in an exchange filing.
However, the company further said that it continues to remain fully focused on strengthening its existing portfolio of businesses across its platforms (CarWale, BikeWale, OLX India, and Shriram Automall).
“We believe that our current businesses have strong fundamentals, operate in large and expanding Total Addressable Market (TAM), and provide significant headroom for growth. The Company will continue to pursue its strategic roadmap, drive product and technology innovation, and enhance value across its diversified ecosystem,” the company added.
(This is a developing story)
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
