Indonesia's Emtek sells 30% in auto portal OTO.com to India's Cardekho for $7m

Indonesia's Emtek sells 30% in auto portal OTO.com to India's Cardekho for $7m

The Emtek logo is visualised in an iPhone screen. Graphic: Ipsita Ray/DEALSTREETASIA

Indonesian media conglomerate Emtek Group has sold its 30 per cent holding in Indonesian automotive website OTO.com to the company’s majority shareholder, Indian automobile classifieds major Cardekho, for $7 million.