IndiaMART InterMESH Limited (NSEI:INDIAMART) agreed to acquire a 7.7% stake in Mynd Solutions Pvt. Ltd. from India Opportunity Fund, a fund managed by SIDBI Venture Capital Limited, for approximately INR 320 million on October 29, 2021. The company shall invest a total of INR 324,340,096/- in cash to purchase 3,336,489 Equity Shares at a price of INR 97.21 per equity share. The total turnover for the entity for the year ended March 31, 2021 was INR 86.2 million. The indicative time period for completion of the acquisition is 10 days. As of November 15, 2021, due to certain unforeseen delay in processing the transaction on account of involvement of multiple parties, the aforesaid acquisition is expected to be completed by December 15, 2021. IndiaMART InterMESH Limited (NSEI:INDIAMART) completed the acquisition of 7.7% stake in Mynd Solutions Pvt. Ltd. from India Opportunity Fund, a fund managed by SIDBI Venture Capital Limited on November 29, 2021