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Indiamart Intermesh arm acquires 26 23% stake in Agillos e-com for Rs 26 crore
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IndiaMART InterMESH Limited reports earnings for Q1 FY2022
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The Delhi High Court on Monday refused IndiaMART, a B2B company, protection against a regulator that is curbing unsolicited text messages and will hear its petition on April 30. The court sent notices to the Telecom Regulatory Authority of India (TRAI) and the telecom department on IndiaMART’s petition challenging the validity of government regulations on unsolicited commercial communication. The regulations came into effect last Monday but their implementation was deferred for a week by the telecom sector regulator to allow companies to adhere to new norms. The regulations are meant to protect customers from fraud and phishing and a framework put in place to block messages from unregistered entities.
IndiaMART InterMESH Limited closes QIP, issue price fixed as Rs 8615
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IndiaMART InterMESH Limited fixes floor price for QIP as Rs. 9065.61
Posted On: 2021-02-17 11:35:21 (Time Zone: Arizona, USA)
Pursuant to the approval granted by the Board of Directors of IndiaMART InterMESH Limited ( Company ) ( Board ), at its meeting held on January 18,2021, and special resolution passed by the Members of the Company at the Extra-ordinary General Meeting of the Company held on February 10, 2021, the Fund Raise Committee of the Board ( Committee ), at its meeting held today February 17,2021, has decided to open the Qualified Institutions Placement of Equity Shares of face value of Rs. 10 each ( Equity Shares ) today i.e. February 17, 2021, for receiving bids, in accordance with the provisions of Chapter VI of the SEBI ICDR Regulations. The Committee also approved and adopted the preliminary placement document dated February 17, 2021 and the application form, in connection with the Issue.