Khaitan and Luthra advise Axel Springer India Today to acquire 70 stake in CarWalecom

Khaitan and Luthra advise Axel Springer India Today to acquire 70 stake in CarWalecom

Axel Springer and India Today together have acquired 70 percent stake, in Automotive Exchange Private Limited who are the owners of automotive classified ads portal, CarWale.com. The acquisition value estimates to be over $5 million (Rs. 22 crore).

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