Announced
Financials
Sources
Tags
Minority
Acquisition
Domestic
Pending
paints
Single Bidder
coatings
Private
India
Paints and Coatings
Friendly
Synopsis
Infra.Market, an ecommerce platform, agreed to acquire a 24% stake in Shalimar Paints, a paints and coats manufacturer, for $35m. “When we embarked on a journey to build Infra.Market, the vision was to create a horizontal construction material managed marketplace. The association with Shalimar is an important step as paint is an exciting category and Shalimar presents a unique opportunity for us to partner with an established vintage brand in this much-coveted category," Aaditya Sharda, Infra.Market Co-Founder.
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