CarTrade and CarDekho mutually call off acquisition talks

CarTrade Tech has officially called off its proposed consolidation with Girnar Software, the parent company of CarDekho and BikeDekho.

In a stock exchange filing dated November 27, the company said both parties have “mutually decided not to proceed with the proposed transaction at this stage.”

CarTrade had first disclosed on November 11 that it was in preliminary talks with CarDekho for a potential consolidation in the automotive classifieds space in India.

According to Entrackr’s earlier report, the discussions included a potential all-stock…