Indiamart Intermesh has entered into a Share Purchase agreement on March 16, 2023 to disinvest its entire 30% stake in Equity Share Capital of Ten Times Online by way of sale of 18,701 equity shares. Pursuant to sale of equity shares, Ten Times would cease to be an associate of the company. The sale/disposal of shares is expected to be completed within 10 days from the date of execution of Share Purchase agreement.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.
