Temasek, Warburg, others stand to make big gains as CarTrade rides India's IPO wave

Temasek, Warburg, others stand to make big gains as CarTrade rides India's IPO wave

Vinay Sanghi, Founder and CEO, CarTrade Image Credit: Livemint

CarTrade Tech Ltd, the multi-channel auto platform, is the latest to join the initial public offering (IPO) bandwagon. It is a pure offer for sale (OFS) issue, which means CarTrade would receive no proceeds from this share sale for business purposes.