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Indiamart Intermesh acquires additional 14.88% share capital in Livekeeping Technologies

15 May 2024 Evaluate

Indiamart Intermesh has acquired additional 14.88% of the share capital (on fully diluted basis) of Livekeeping Technologies (erstwhile known as Finlite Technologies and hereinafter referred as Livekeeping). This investment is in line with the Company’s long term objective of offering various Software as a Service (SAAS) based solutions for businesses.

The company has invested Rs 13.39 crore in Livekeeping by acquiring 2,618 Equity Shares of face value of Rs 10 per share at a premium of Rs 51,145.

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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