Indiamart Intermesh Limited has informed the Exchange about Acquisition in Livekeeping Technologies Private Limited
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IndiaMART InterMESH has acquired 5,235 equity shares from the promoters of Livekeeping Technologies Private Limited for approximately Rs. 26.78 Crores in cash, at a premium of Rs. 51,135 per share. With this acquisition, IndiaMART's stake in Livekeeping has increased to 100%, making it a wholly owned subsidiary. Livekeeping offers internet-based accounting software solutions that integrate with on-premises software like Tally, aligning with IndiaMART's long-term SaaS strategy. The target's turnover grew significantly to Rs. 2.35 Crore in FY25 from Rs. 0.45 Crore in FY24. This is a continuation of earlier stake buildups intimated in March 2022, May 2022, and May 2024.
This is a bolt-on acquisition that strengthens IndiaMART's SaaS portfolio for businesses and gives it full control over Livekeeping's accounting software platform. The deal size (Rs. 26.78 Cr) is small relative to IndiaMART's size, so limited immediate financial impact, but it supports long-term growth in business services.