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Indiamart Intermesh to acquire 26% stake in Shipway Technology

29 Apr 2021 Evaluate

Indiamart Intermesh has indirectly, through its wholly owned subsidiary -- Tradezeal Online, agreed to acquire 26% of the share capital of Shipway Technology on fully converted and diluted basis. The company has also agreed to acquire 3.02% of the share capital of Truckhall on fully diluted basis in addition to 22% of the share capital (on fully diluted basis) already held by the Company.

Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.

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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