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Indiamart Intermesh inks pact to acquire 26% stake in IB MonotaRO

23 Feb 2022 Evaluate

Indiamart Intermesh has entered into an agreement to acquire 26% of the share capital (on fully diluted basis) of IB MonotaRO (IMPL). The company intends to invest upto Rs 104.2 crore in IMPL by acquiring 8,11,250 Equity Shares at a price of Rs 1,284.15 per equity share from an existing shareholder via secondary purchase. This investment is in line with the company’s strategic initiative of transitioning towards commerce enablement.

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

Peers
Company Name CMP
Eternal 337.80
Swiggy 185.55
Meesho 224.65
FSN E-Comm. Ventur. 351.15
Brainbees Solutions 166.40
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