IndiaMART InterMESH Limited to Consider Raising Funds
January 11, 2021
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A meeting of Board of Directors of IndiaMART InterMESH Limited (NSEI:INDIAMART) is scheduled to be held on Monday, January 18, 2021, to consider raising of funds through issuance of equity shares or other securities convertible into or exchangeable into Equity Shares or non-convertible debt instruments along with warrants or any combination thereof by way of Preferential Allotment, issuance of American Depository Receipts ("ADRs"), Global Depository Receipts ("GDRs") or Foreign Currency Convertible Bonds ("FCCBs"), Qualified Institutional Placements (QIPs) or through any other permissible mode or any combination thereof, subject to applicable laws and necessary shareholder/regulatory approvals, as applicable.
IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The 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.