New Delhi, Nov 6 (PTI) Singapore’s state-owned investment firm Temasek on Friday divested nearly a 4 per cent stake in multi-channel auto platform CarTrade Tech for Rs 470 crore through an open market transaction.

     Temasek, through its affiliate MacRitchie Investments Pte Ltd, offloaded 18.20 lakh shares, representing a 3.74 per cent stake in Navi Mumbai-based CarTrade Tech, as per the bulk deal data available on the BSE.

     The shares were disposed of at an average price of Rs 2,583 apiece, taking the deal value to Rs 470.10 crore.

     Following the latest transaction, Temasek's holding through MacRitchie Investments in CarTrade has come down to 3.08 per cent from 6.82 per cent earlier.

     On the buying side, US-based Capital Group through its arm SmallCap World Fund Inc and Norway's Government Pension Fund Global together bought more than 17.23 lakh shares, or 3.54 per cent, holding in CarTrade for Rs 445 crore.

     The shares were acquired at the same price.

     Shares of CarTrade Tech rose 3.72 per cent to close at Rs 2,699.30 per share on the BSE.

(This story has not been edited by THE WEEK and is auto-generated from PTI)
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