MacRitchie Investments sells 0.64 percent stake in CarTrade Tech via open market
CARTRADE · price
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On the reaction day the stock moved 3.3 pts less than Nifty Smallcap 250 and 2.8 pts less 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.
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MacRitchie Investments Pte. Ltd. (Singapore), a non-promoter entity, sold 3,04,529 shares (0.64% of total equity, 0.59% on diluted basis) of CarTrade Tech in the open market on July 14, 2026. This is part of a larger sale totalling 10,03,022 shares. Holding dropped from 8.39% (40,15,668 shares) to 7.75% (37,11,139 shares). Disclosure filed under Reg 29(2) of SEBI Takeover Rules as the transaction caused a 2% change in shareholding.
Foreign investor reducing stake in CarTrade Tech, part of a broader 10 lakh share exit. May signal continued selling pressure and weak sentiment.