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Indiamart Intermesh moves up as its arm invests Rs 13.75 crore in Adansa Solutions

02 Mar 2022 Evaluate

Indiamart Intermesh is currently trading at Rs. 4817.75, up by 45.25 points or 0.95% from its previous closing of Rs. 4772.50 on the BSE.

The scrip opened at Rs. 4773.90 and has touched a high and low of Rs. 4860.50 and Rs. 4736.85 respectively. So far 1606 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9700.00 on 18-Oct-2021 and a 52 week low of Rs. 4350.00 on 27-Jan-2022.

Last one week high and low of the scrip stood at Rs. 4977.85 and Rs. 4603.75 respectively. The current market cap of the company is Rs. 14586.94 crore.

The promoters holding in the company stood at 49.52%, while Institutions and Non-Institutions held 31.87% and 18.61% respectively.

Indiamart Intermesh’s wholly owned subsidiary--Tradezeal Online has invested approximately Rs 13.75 crore in Adansa Solutions.  As part of the transaction, The company has agreed to acquire shares via a mix of primary and secondary share purchases, and its final shareholding post the round shall stand at 26.01%.

Adansa Solutions under the brand name ‘Realbooks’, offers a cloud based accounting software product for businesses. Furthermore, it enables businesses to create customized invoices, attach files to vouchers, and manage their inventory. It also allows managing of different business units from a single dashboard.

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

Indiamart Intermesh Share Price

2065.35 -26.30 (-1.26%)
11-May-2026 16:59 View Price Chart
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