CarTrade Tech Receives Sebi Nod For IPO

CarTrade Tech, the owner of Carwale, has received approval from the Securities and Exchange Board of India (SEBI) for its Rs 2,000 crore initial public offering (IPO). The IPO will be an offer-for-sale of 12,354,811 shares by marquee investors such as Warburg Pincus, Temasek and JP Morgan.