Shalimar Paints stock surge before deal may face Sebi scrutiny
Shalimar Paints Ltd shares surged 20% on 3 August, nine days before the company announced a Rs 10,440 crore share-swap deal with Hella Infra Market Ltd. Trading volumes on that day hit…
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Infra.Market uses Shalimar Paints for reverse listing after IPO delay
Infra.Market, a building materials startup, is pursuing a reverse listing through its subsidiary Shalimar Paints instead of a standalone IPO. Shalimar Paints will acquire Infra.Market shares and compulsory convertible preference shares worth…
Infra.Market to list via Shalimar Paints in ₹10,440 crore swap
Infra.Market is coming to public markets through a reverse listing rather than its planned ₹5,000 crore IPO. Under a share swap approved by Shalimar Paints’ board, Hella Infra Market shareholders will receive…
