Don’t miss the latest developments in business and finance.

Indiamart subsidiary to pare stake in ProcMart

Image
Capital Market
Last Updated : Nov 09 2022 | 2:16 PM IST
Tradezeal Online, a wholly owned subsidiary of Indiamart Intermesh has agreed to sell 4,850 equity shares of Instant Procurement (hereinafter referred as 'ProcMart') amounting to 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.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 09 2022 | 1:54 PM IST

Next Story