Indiamart Intermesh rises on acquiring 100% stake in Busy Infotech
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Indiamart Intermesh is currently trading at Rs. 4928.00, up by 74.90 points or 1.54% from its previous closing of Rs. 4853.10 on the BSE.
The scrip opened at Rs. 4855.10 and has touched a high and low of Rs. 4928.55 and Rs. 4855.10 respectively. So far 1605 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. 3965.35 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 5192.95 and Rs. 4468.00 respectively. The current market cap of the company is Rs. 14833.29 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 has completed acquisition of 100% (on fully diluted basis) of share capital of Busy Infotech (BUSY) on April 06, 2022. Consequent aforesaid acquisition, BUSY has become as wholly-owned subsidiary of the company.
Earlier, on January 24, 2022, the company had entered into an agreement to acquire 100% paid up capital of Busy. The proposed would help the company to offer accounting software solutions to businesses in line with its long-term vision of enabling businesses.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.
