Nalanda India Equity Fund Acquires 4.44% Stake in IndiaMART InterMESH Ltd

Nalanda India Equity Fund Ltd has disclosed the acquisition of 4.44% stake in IndiaMART InterMESH Ltd under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition includes 2,667,624 shares carrying voting rights, with no shares encumbered or voting rights otherwise than by shares. The fund had previously held 0.70% stake in the company. The mode of sale was not specified in the disclosure.