Tag: IB Monotaro

IndiaMart acquires 26% stake in IB MonotaRO

IndiaMart, a B2B marketplace of India, has acquired 26% share capital of IB Monotaro Private Limited. The company acquired 8.1 lakh shares from Emtex Engineering Private Limited for a total consideration of INR 104.2 Cr. Pursuant to this transaction, MonotaRO Co. Ltd. (Japan) will hold 51.6% stake, IndiaMart will hold 26% stake and Emtex Engineering…