IndiaMART to buy stake of IB MonotaRO

IndiaMART to buy stake of IB MonotaRO

by admin- Wednesday, February 23rd, 2022 03:21:19 PM

IndiaMART InterMESH entered into an settlement to acquire 26% of the share capital (on completely diluted basis) of IB MonotaRO Pvt Ltd (IMPL).

IMPL, underneath its logo name ‘Industry Buying’, is engaged inside the e-commerce enterprise for Industrial and Business resources in India.

The overall turnover of IMPL for the financial yr ended March 31, 2021 changed into Rs. 7.2 crore.

The Company intends to make investments upto Rs. 104.2 crore approx. In IMPL through obtaining 8,11,250 Equity Shares at a fee of Rs. 1,284.15/- according to equity percentage from an existing shareholder through secondary purchase.

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