India, March 19 -- As shares of CarTrade continue to embark on an upward trajectory, its early backer MacRitchie Investments, a wholly owned subsidiary of Temasek, has sold 92,000 of its shares in the car marketplace via open market transactions on March 17.

Given that the company's shares closed Monday's trading session at INR 1,600.85, it is likely that the investor would have netted INR 14.73 Cr.

In a disclosure shared with the BSE, CarTrade said that, with the sell off, MacRitchie's shareholding in the company has contracted to 9.95%. It now holds 4.71 Mn shares.

MacRitchie's Selling Spree: This is the third large offlay by MacRitchie in the past nine months. In June 2024, it sold 20.32 Lakh shares in an INR 168.2 Cr block deal. Ca...