SEBI approves CarTrade’s INR 2,000 Cr IPO
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Automobile marketplace CarTrade on Monday received an approval from SEBI to raise INR 2,000 Cr through public offerings. The company in May this year filed its DRHP, a mandatory step required for a company to go for public listings, with SEBI making a pure offer for sale (OFS) for 1,23,54,811 equity shares of the company. The company will go to the public market under the name of CarTrade Tech.