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New Deal


Announced

Infra.Market to acquire a 24% stake in Shalimar Paints for $35m.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Acquisition

Domestic

Pending

paints

Single Bidder

coatings

Private

India

Paints and Coatings

Friendly

Synopsis

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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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