Infra.Market’s backdoor listing; Honasa posts record profit
Infra.Market is set to enter the public markets through a reverse merger with Shalimar Paints. This and more in today's ETtech Top 5.
Infra.Market, a B2B unicorn backed by Accel and Nexus Venture Partners, will reverse list through a merger with Shalimar Paints. The building materials company filed for a Rs 5,000-crore IPO last October. After the merger, Infra.Market will become an unlisted subsidiary of Shalimar Paints. Shalimar Paints will raise Rs 1,000 crore through a qualified institutional placement (QIP).
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