Indiamart Intermesh to acquire stake in Simply Vyapar Apps

Indiamart Intermesh Ltd. | e-Commerce | Retail | BSE: 542726 | NSE: INDIAMART

04 Sep 2019 Evaluate

Indiamart Intermesh has entered into an agreement to invest in Simply Vyapar Apps. The aggregate shareholding of the Company, post this investment, in the said entity would be 26% on fully converted and diluted basis. The cost of acquisition is Rs 31.2 crore. As part of Company's Strategic investments, this investment would help the Company to consolidate its position in B2B services.

Indiamart Intermesh is India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017.

Peers

Company Name	CMP
Eternal	323.00
Swiggy	277.90
Meesho	216.60
FSN E-Comm. Ventur.	343.20
Brainbees Solutions	168.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.