Announced Tue, 21 Jul · 15:36 IST
IndiaMART to set up wholly owned finance subsidiary
Strategic Transactions View source PDF
INDIAMART · price
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Price reaction · full curve 14 horizons · vs prior close
-6.1%1-day move
₹1903.30
prior close
₹1907.00
base price
After-mkt
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AI summary
IndiaMART board approved setting up IndiaMART Finance Limited as a wholly owned subsidiary in financial services. Aim is to provide working capital support to platform users. Initial paid up capital is Rs 5 lakh, subject to regulatory approvals. Separately, Q1 FY27 consolidated net profit rose 12 percent YoY to Rs 172.2 crore on revenue of Rs 414.4 crore.
Likely market impact
New finance arm could expand monetisation beyond marketplace fees. Q1 earnings show steady profit growth.