Highdell Investment, an entity owned by US-based private equity major Warburg Pincus has divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction.

According to the bulk deal data available on the NSE, Highdell Investment sold 4.076 million shares. The shares were offloaded at an average price of Rs 920.30 apiece. In June, Warburg Pincus sold an 8.66 per cent stake in CarTrade Tech for Rs 337 crore.

Meanwhile, Mirae Asset Mutual Fund purchased 3.022 million shares or a 6.4 per cent stake in Cartrade Tech in three tranches on the NSE. 

The company is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz.