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IndiaMART Subsidiary Amalgamation Approved by NCLT

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IndiaMART Subsidiary Amalgamation Approved by NCLT

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An update from IndiaMART InterMESH Ltd. ( (IN:INDIAMART) ) is now available.

IndiaMART InterMESH Ltd. announced the approval of a Scheme of Amalgamation by the National Company Law Tribunal for its three wholly owned non-material subsidiaries. While the restructuring involves the dissolution of two subsidiaries, it is not expected to significantly impact the company’s consolidated or standalone financial position.

More about IndiaMART InterMESH Ltd.

IndiaMART InterMESH Ltd. operates within the B2B industry, primarily offering an online marketplace for business products and services. The company focuses on connecting buyers with suppliers across various sectors, aiding in business procurement and sales processes.

YTD Price Performance: -6.04%

Average Trading Volume: 9,975

Current Market Cap: 131.1B INR

For detailed information about INDIAMART stock, go to TipRanks’ Stock Analysis page.

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