CarTrade Pulls Plug On CarDekho Acquisition

CarTrade did not mention the reason behind not going ahead with the acquisition, instead, said that the company will remain focussed on strengthening its existing portfolio of businesses

Earlier this month, reports surfaced that CarTrade was in advanced talks with CarDekho for a possible acquisition deal valued at over $1.2 Bn

Later, CarTrade confirmed to the exchanges that it was exploring a potential acquisition of CarDekho’s new and used automotive classifieds…