CarTrade confirms talks with Girnar on CarDekho/BikeDekho consolidation

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

CARTRADE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹2970.00

prior close

₹3044.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+1.2% vs market

E-Retail/ E-Commerce peers, median of 13sector-0.3%+1.4% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Smallcap 250 and 1.4 pts more than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+0.9

15m

+2.7

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.1+1.2-0.3+1.4

Next day

+7.0+0.6+6.4+0.5+6.5

+7.2+0.2+7.1-1.5+8.7

+3.3+0.4+3.0-0.3+3.6

+10.1+1.0+9.1-0.7+10.8

+6.7+0.0+6.7-1.8+8.5

+4.2-0.5+4.7-2.9+7.1

15d

+0.7-1.9+2.6-2.0+2.7

-8.7-4.5-4.2-5.0-3.7

-8.9-5.4-3.5-7.0-1.9

-28.2-3.8-24.4-11.9-16.3

UpDownMarket · Nifty Smallcap 250Sector · E-Retail/ E-Commerce peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CarTrade Tech has clarified media reports about a potential acquisition. The company confirms it is in discussions with Girnar Software for a possible consolidation of the new and used automotive classifieds businesses (CarDekho and BikeDekho) in India. The discussions cover only the automotive classifieds segment and exclude Girnar's financing, insurance, and other non-automotive businesses. No binding or definitive agreement has been signed yet. CarTrade has committed to making further disclosures under SEBI LODR once any binding document is executed.

Likely market impact

Deal still preliminary, no binding agreement signed. Could be significant for CarTrade if it consolidates CarDekho/BikeDekho, but uncertainty remains.