Hella Infra Market

Hella Infra Market is the parent of Infra.Market, a B2B building-materials platform. [1] source: NDTV Profit Mint reported that Infra.Market's FY25 revenue was ₹6,053 crore, up 22% year-on-year. [2] source: Mint Its earlier planned IPO was for up to ₹5,000 crore, and Inc42 noted that seven months had passed since SEBI approval for a potential IPO. [2] source: Mint[3] source: Inc42

In August 2026, Shalimar Paints approved a share-swap investment in Hella Infra Market, which may become Shalimar's unlisted material subsidiary. [4] source: NDTV Profit The proposed share swap is valued at about ₹10,440 crore. [2] source: Mint[5] source: Entrackr Shalimar would issue up to 41.70 crore equity shares and 81.12 crore CCPS at ₹85 each, and Hella Infra Market shareholders would own more than 77% of Shalimar Paints. [2] source: Mint Entrackr reported 185 proposed equity allottees. [5] source: Entrackr The deal requires 75% shareholder approval. [6] source: Mint

Shalimar's board also cleared a QIP of up to Rs 1,000 crore and is considering a future unification of the entities. [4] source: NDTV Profit[1] source: NDTV Profit Shalimar's shares rose 20% to ₹80.01 on 3 August before the deal was announced, and Mint reported that this could draw NSE and Sebi scrutiny. [6] source: Mint