IndiaMART’s Stake In Mobisy Increases To 27.21% On Conversion Of Debentures To CCPS

IndiaMART’s Stake In Mobisy Increases To 27.21% On Conversion Of Debentures To CCPS

SUMMARY

Last year, IndiaMART invested INR 8 Cr in Mobisy by subscribing to 80,000 compulsorily convertible debentures 

Following the conversion of CCDs to CCPS, IndiaMART’s stake in Mobisy Technologies, which operates SaaS startup Bizom, grew to 27.21% from 25.08% earlier 

Bizom is a SaaS-based distribution technology solutions provider for brands and B2B retailers

B2B marketplace IndiaMART’s stake in Bengaluru-based Mobisy Technologies, which operates SaaS startup Bizom, has increased to 27.21% from 25.08% earlier following conversion of debentures to preference shares. 

Last year, IndiaMART invested INR 8 Cr in Mobisy by subscribing to 80,000 compulsorily convertible debentures (CCD).

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