Mobisy Technologies Private Limited announced a private placement of 100 equity shares, and 91,804 compulsorily convertible preference shares for the gross proceeds of INR 142,860,000 on November 29, 2024. The transaction included participation from returning investor, IndiaMART InterMESH Limited. The aggregate shareholding of IndiaMART InterMESH Limited, post completion is likely to be 31.33%.
The transaction is approved by board of directors of the investor company. The transaction is expected to close in 90 days.
IndiaMART InterMESH Limited is an India-based company. The Company is an online business-to-business (B2B) marketplace, which connects buyers with suppliers. Its channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions, and advertising solutions.
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Investor
Investor
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Global
Global
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