Wasatch initiated a new position in Cartrade Tech Limited, acquiring 703,117 shares for approximately ₹189.8 Cr, representing a 1.46% stake in the company. The shares were bought at ₹2699.40 apiece.
A multi-channel automotive platform provider that connects buyers, sellers, dealers, and original equipment manufacturers across new and used vehicle segments in India. Operating brands including CarWale, CarTrade, BikeWale, Shriram Automall, CarTradeExchange, Adroit Auto, and AutoBiz, the company offers comprehensive solutions for vehicle transactions, marketing, financing, and value-added services across the automotive ecosystem.
Salt Lake City-based active manager known for smallcap and emerging markets investing, with India focus.