Indiamart Intermesh has made an additional investment of around Rs 10 crore to acquire 7% of the paid up share capital in Mobisy Technologies (MTPL) (on fully converted and diluted basis), by subscribing to 1,19,470, 0.001% Compulsorily Convertible Cumulative Preference Shares (CCPS) of face value Rs 1 each, fully paid up, at a price of Rs 837.03, on September 29, 2021. The aggregate shareholding of the Company in MTPL, post this investment, would be 15.98% of the Share Capital on fully converted and diluted basis.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.
