Japan’s Mitsubishi UFJ Financial Sells 2% Indirect Stake In IndiaMART

, By INC42
E Commerce

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SUMMARY

Mitsubishi UFJ Financial Group (MUFG) said it divested a 2% indirect stake in IndiaMART on account of sale of four of its subsidiaries

MUFG held a 5.13% stake in IndiaMART prior to this sale, which has now reduced to 3.12%

Founded in 1999, IndiaMART is a B2B marketplace connecting buyers and sellers across sectors such as consumer electronics, manufacturing, among others

Japanese lender Mitsubishi UFJ Financial Group (MUFG) has sold 2% of its indirect stake in online B2B marketplace IndiaMART InterMESH.

In a filing…



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Japan’s Mitsubishi UFJ Financial Sells 2% Indirect Stake In IndiaMART

, Published By INC42
E Commerce


SUMMARY

Mitsubishi UFJ Financial Group (MUFG) said it divested a 2% indirect stake in IndiaMART on account of sale of four of its subsidiaries

MUFG held a 5.13% stake in IndiaMART prior to this sale, which has now reduced to 3.12%

Founded in 1999, IndiaMART is a B2B marketplace connecting buyers and sellers across sectors such as consumer electronics, manufacturing, among others

Japanese lender Mitsubishi UFJ Financial Group (MUFG) has sold 2% of its indirect stake in online B2B marketplace IndiaMART InterMESH.

In a filing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Elon Musk’s X reportedly bounces back to $44B valuation
Next News
SaaS Fractal To Pump $20 Mn In AI-Led Product Arm Asper.AI
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