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

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

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	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
Brand Logo:
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.