Hot Pursuit     25-Apr-23
IndiaMART gains as board to mull bonus issue on 28 April
IndiaMART InterMESH rallied 2.06% to Rs 5,313.40 after the company said that its board will meet on Friday, 28 April 2023 to consider the proposal of bonus issue.
The said proposal is subject to approval of shareholders in the foresaid board meeting.

IndiaMART InterMESH is India's largest online B2B marketplace for business products and services. IndiaMART makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement solutions. IndiaMART provides ease and convenience to the buyers by offering a wide assortment of products and a responsive seller base while offering lead generation, lead management and payment solutions to its sellers.

The company's consolidated net profit jumped 61% to Rs 113 crore on 34% rise in net sales to Rs 251 crore in Q3 December 2022 over Q3 December 2021.

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