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CarTrade Tech Ltd - Clarification On News Articles Appearing In 'Media Publications'
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14 Mar 2023
This is with respect to articles appearing in media publication (https://timesofindia.indiatimes.com/business/india-business/indian-startups-feel-the-jitters-too/articleshow/98553900.cms?from=mdr ) dated March 11, 2023 with the heading &apos;Silicon Valley Bank Collapse: Indian Startups feel the jitters too&apos; and (https://www.livemint.com/news/india/these-indian-startups-have-exposure-in-silicon-valley-bank-svb-11678595736842.html ) dated March 12, 2023, with the heading &apos;SVB Meltdown: These Indian Startups to bear brunt&apos; and various other media publications wherein the name CarWale is also being reflected, it is to clarify that the Silicon Valley Bank (&apos;SVB&apos;) had completely exited its investment from Automotive Exchange Private Limited (merged with CarTrade Tech Limited) back in December 2010 and is not a shareholder in the Company as on date.
View all announcements for CarTrade Tech Ltd Source: BSE India