Cyril Amarchand Mangaldas (CAM) has advised India’s CarTrade Tech on its 30-billion-rupee ($411 million) IPO, with IndusLaw and Sidley Austin representing the book-runners and lead managers. AZB & Partners counselled the selling shareholders.

Founded in 2009, CarTrade, an Indian online auto classifieds platform, is backed by marquee investors such as Warburg Pincus, Temasek, JPMorgan, and March Capital.

The CAM team was led by Yash Ashar and Vijay Parthasarathi.