Cash Ur Drive acquires 50% stake in Charjkaro Greentech Mobility

Cash Ur Drive Marketing Limited, a Noida-based transit media and vehicle wrap advertising company listed on NSE Emerge (NSE: CUDML), has acquired a 50% equity stake in Charjkaro Greentech Mobility Private Limited as part of its expansion into the electric mobility segment

The company acquired 5,000 equity shares, representing 50% of Charjkaro’s paid-up equity share capital. The transaction includes 2,500 equity shares from Raghu Khanna and 2,500 equity shares from Parveen K. Khanna. Post-transaction, Cash Ur Drive will hold joint ownership in the company.

The acquisition was completed through cash consideration and has been classified as a related party transaction under the Companies Act, 2013 and applicable SEBI regulations. The company stated that the deal was conducted on an arm’s length basis and in the ordinary course of business after obtaining necessary approvals.

According to the company, the investment aligns with its medium-term growth plans and is aimed at expanding media monetization opportunities across EV charging infrastructure.

Commenting on the development, Raghu Khanna, Managing Director and Chairman of Cash Ur Drive Marketing Limited, said “Through this partnership, the Company aims to strengthen its presence within EV infrastructure while developing integrated media solutions across charging networks and leveraging technology-driven platforms to enhance consumer engagement. Going forward, Cash Ur Drive will continue to evaluate opportunities aligned with sustainable mobility and infrastructure-linked assets, positioning itself at the intersection of green mobility and high-impact media engagement.”

Founded in 2013, Cash Ur Drive Marketing Limited (CUD) operates in the out-of-home and transit media segment in India. The company provides transit, digital, outdoor, and EV charging station advertising solutions across multiple cities and holds media rights across various formats. For FY25, the company reported total income of ₹139.32 crore, EBITDA of ₹20.67 crore, and net profit of ₹17.68 crore. The company was listed on NSE Emerge in August 2025.

Also read: Greaves Electric Mobility ups MLR Auto stake to 67.41% with INR 55 crore investment