Capri Loan acquires 51% stake in car-selling platform CarLelo for ₹150 crore

May 25, 2023 09:04 pm | Updated 09:04 pm IST

MUMBAI

Capri Global Holdings Pvt. Ltd. (CGHL), the holding company of Capri Global Capital Ltd., a non-banking financial company which operates under the brand name Capri Loans, said it has acquired a 51% stake in CarLelo, an online new-car selling platform for ₹150 crore.

Rajesh Sharma, Managing Director & Founder, Capri Global Holdings Pvt. Ltd. said, “This investment is a testament to our commitment to driving growth of the online new car sales and financing market.”

“Through our partnership with CarLelo, we aim to cater to the ever-evolving needs and requirements of customers across the nation. Capri Loans recognises this investment as an opportunity to foster the expansion of the burgeoning online new car sales market,” he added.

Top News Today

Access 10 free stories every month
Save stories to read later
Access to comment on every story
Sign-up/manage your newsletter subscriptions with a single click
Get notified by email for early access to discounts & offers on our products

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.