India, March 22 -- Global investment management firm Vanguard Group bought 7.13 Lakh shares of auto-classifieds platform CarTrade via bulk deals yesterday.

As per NSE data, Vanguard acquired the shares at INR 1,804 per apiece. The complete purchase was worth INR 128.77 Cr.

Of these 7.13 Lakh shares, Vanguard Emerging Markets Stock Index Fund bought 3.3 Lakh shares and Vanguard Group Inc AC Vanguard Total International Stock Index Fund acquired 3.83 lakh shares.

This is the first instance of Vanguard acquiring a stake in the company.

CarTrade On A Bull Run: This comes at a time when shares of CarTrade have been on an upward trend despite the correction in the broader Indian equities market.

The stock has surged about 19.05% on a year-...