CarTrade Files IPO Papers, Set To Raise Around Rs 2,000 Crore

CarTrade has filed draft red herring prospectus with market regulator SEBI to raise around Rs 2,000 crore through an initial public offer (IPO). The IPO will be an offer-for-sale (OFS) of 12,354,811 equity shares by existing investors, including Highdell Investment, Macritchie Investments, Springfield Venture International and Bina Vinod Sanghi. The company will not receive any proceeds from the share sale as this is an offer for sal...