CarTrade Tech Limited, trading under the symbol CARTRADE (Scrip Code: 543333), has confirmed ongoing discussions regarding a potential acquisition of Girnar Software’s automotive classifieds businesses, specifically CarDekho and BikeDekho. This move aligns with CarTrade's strategy to explore strategic opportunities for growth in the automotive sector, particularly in the new and used vehicle markets in India. Importantly, the discussions are focused solely on the automotive classifieds and do not involve any non-automotive segments such as financing or insurance.

As of November 11, 2025, CarTrade emphasized that there is no binding or definitive agreement in place regarding this potential transaction. The company maintains a commitment to strong corporate governance and will adhere to all regulatory requirements set forth by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Should any binding agreement be executed, CarTrade will ensure that appropriate disclosures are made to the stock exchanges. The company’s proactive approach to evaluating acquisitions reflects its dedication to enhancing its market position in the automotive industry.