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Indiamart acquires stake in Shipway Technology, Truckhall for about Rs 20 Cr
The company has acquired 26 percent stake in software company Shipway Technology for up to Rs 18.2 crore, and an additional 3.02 percent stake in Truckhall for Rs 1.33 crore.
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Indiamart on Wednesday acquired stake in two companies,
Shipway Technology and Truckhall, for about Rs 20 crore to strengthen its technology offering in logistics management, according to a regulatory filing.
The company has acquired 26 percent stake in software company Shipway Technology for up to Rs 18.2 crore, and an additional 3.02 percent stake in Truckhall for Rs 1.33 crore.
According to the filing, Indiamart Intermesh, through its wholly-owned subsidiary Tradezeal Online will acquire 100 equity shares and 4,088 compulsorily convertible preference shares (CCPS) of Shipway Technologies.