India: CarTrade acquires majority stake in Shriram Automall for $24.5m

India: CarTrade acquires majority stake in Shriram Automall for $24.5m

Visual from CarTrade website

Online automobile classified platform CarTrade, operated by MXC Solution Private Ltd, is acquiring a majority stake in Shriram Automall India Ltd (SAMIL) for nearly $24.5 million to create India’s largest used vehicle platform.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter