Indiamart Intermesh’s wholly owned subsidiary -- Tradezeal Online has agreed to sell 4,850 equity shares of Instant Procurement (ProcMart) amounting to around Rs 13.62 crore. Consequent to the above transaction and subscription of shares by the new investors in ProcMart, the shareholding of Tradezeal shall be 19.5% on fully diluted basis.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.