Mumbai, Nov. 11 -- The company said it is exploring a potential consolidation of their automotive classifieds businesses as part of its ongoing growth strategy. CarTrade added that the talks are limited to the auto classifieds segment and exclude Girnar's financing, insurance, and other non-automotive operations.

CarTrade clarified that no binding or definitive agreement has been signed yet. "If any binding document is executed, the company will make the necessary disclosure in accordance with SEBI's Listing Obligations and Disclosure Requirements," it said in a statement.

CarTrade Tech is India's largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTr...