Private Equity

Liquidity Events

JP Morgan sells Cartrade shares worth Rs.26-Cr

JP Morgan, via CMDB II, has sold 375,000 equity shares (0.79% stake) at INR 700.15 per share of publicly listed Cartrade Tech on 30-04-2024 through a bulk deal on the NSE. The sale aggregates to INR 26.26 crore.

Canaan Partners had invested in CarTrade.com across four rounds between Dec 2009 and Oct 2014. CarTrade went public in Aug 2021, as part of which JP Morgan had made a partial exit.