Sub: Disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Conversion of existing CCDs into
CCPS
Dear Sir / Ma'am,
This is in continuation to our earlier intimation dated January 24, 2022 wherein we informed that the Company, through its wholly owned subsidiary, Tradezeal Online Private Limited ('Tradezeal'), had invested upto INR 7,50,00,000 through Compulsorily Convertible Debentures ('CCDs') in Legistify Services Private Limited ('Legistify'). At the time of making the above mentioned disclosure, the post investment shareholding through the subscription of the CCDs could not be determined, as it was based on the next funding round of Legistify.
In this regard, it is hereby informed that since Legistify has now proposed a new funding round, the said CCDs have been converted into Compulsorily Convertible Preference Shares ('CCPS') and post the aforesaid conversion, the aggregate shareholding of Tradezeal in Legistify has increased from 11.30% of the share capital (on a fully diluted basis) to 15.39% of the share capital (on a fully diluted basis).
Please take the above information on record.
Yours faithfully,
For IndiaMART InterMESH Limited
(Manoj Bhargava)
Group General Counsel,
Company Secretary & Compliance Officer
Membership No: F5164
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Indiamart Intermesh Ltd. published this content on 10 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 July 2022 10:43:02 UTC.
IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions and advertising solutions.