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Infra.Market explores ₹10,440 crore reverse listing through Shalimar Paints

Infra.Market is exploring a reverse listing through Shalimar Paints via a ₹10,439.91 crore share swap, potentially creating a listed building-materials platform. The transaction requires in-principle board approval and shareholder consent.

Newer report adds to this story , : Plan also includes a potential QIP of up to Rs 1,000 crore.

Read next

  1. Shalimar Paints’ pre-deal rally puts Hella Infra Market share swap under scrutiny, , Mint

Reported figures

From the report. Source details below

  • Seven months since SEBI approval for a potential IPO

The source

Source Read the source at Inc42 Published

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