CarTrade converts itself to a public company ahead of IPO

Mumbai-based CarTrade has converted itself from a private limited company to a public company ahead of its planned initial public offering (IPO), according to filings at the Ministry of Corporate Affairs. The online automobile classifieds startup is now registered as CarTrade Tech Limited. As per reports, CarTrade is expected to go public this year and could raise about ₹2,000 crore.