Smallcap World Fund, an affiliate of Capital Group, has picked up a little more than 3 percent equity stake in CarTrade Tech, the multi-channel auto platform, via open-market transactions on November 28.
As per bulk deals data, Smallcap World Fund, Inc. bought 14.44 lakh shares (equivalent to 3.03 percent of paid-up equity) in CarTrade for Rs 439.9 crore. The buying price for these shares was Rs 3,044.58 per share.
However, Goldman Sachs sold a total of 10.71 lakh shares (a 2.25 percent stake) in CarTrade through three transactions for Rs 326.18 crore. These shares were offloaded at a price of Rs 3,044.49 per share.
As of September 2025, Goldman Sachs Emerging Markets Equity Portfolio and Goldman Sachs India Equity Portfolio held a combined 2.72 percent stake in the company.
CarTrade Tech shares fell 3.79 percent to Rs 3,055.5, perhaps due to these large transactions.
Meanwhile, action was also seen in Whirlpool of India, which witnessed a sharp gap-down opening and closed 11.42 percent lower at Rs 1,063.8 after a major stake sale by the promoter.
Whirlpool Mauritius offloaded 1.42 crore shares (11.23 percent stake) in the Indian subsidiary for Rs 1,489.6 crore, bringing its holding well below 50 percent compared to the 51 percent shareholding in September 2025.
The large chunk of shares was sold at a price of Rs 1,044.97 per share.
East Bridge Capital Master Fund, Franklin Templeton MF, HDFC MF, Kotak Mahindra MF, Societe Generale ODI, and ICICI Prudential Life Insurance Company acquired some of the shares sold by the promoter, collectively picking up a 4.4 percent stake for nearly Rs 582 crore. These shares were bought at a price of Rs 1,041 per share.
Akash Prakash-founded Amansa Holding sold 24.58 lakh shares in Saregama India (equivalent to 1.2 percent of paid-up equity) for Rs 95.04 crore. These shares were offloaded at a price of Rs 386.58 per share.
As of September 2025, Amansa Holding held a 2.75 percent stake in Saregama India, an RP Sanjiv Goenka Group company.
MTAR Technologies, which manufactures components for the defence, aerospace, nuclear, and clean energy sectors, saw an exchange of shares at a price of Rs 2,444 per share. The stock closed the session at Rs 2,486.8, up 0.76 percent.
Promoter Kavitha Reddy Gangapatnam sold 2.45 lakh shares in MTAR for Rs 60 crore, equivalent to 0.8 percent of paid-up equity. Total promoter shareholding in the company stood at 31.41 percent as of September 2025, including 1.6 percent held by Kavitha Reddy Gangapatnam.
Bajaj Finserv Mutual Fund and Motilal Oswal MF were the buyers of the 0.8 percent stake, picking up 40,920 shares for Rs 10 crore and 2.04 lakh shares for nearly Rs 50 crore, respectively.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
