IndiaMART InterMESH jumps 9% on share sale at premium

IndiaMART InterMESH

18/02/2021 07:35

** Shares of business-to-business online marketplace
 INMR.NS  rise as much as 8.9% to 9,320 rupees
    ** Co on Wednesday said its qualified institutional
placement of shares opened on Feb 17, with floor price at
9,065.61 rupees per share  urn:newsml:reuters.com:*:nFWN2KN13H
    ** Floor price represents ~6% premium to last close
    ** Co in Jan approved raising funds of up to 11 bln rupees 
($151.20 mln)
    ** Last week, CEO Dinesh Agarwala and two others were booked
for allegedly putting up for sale rocks from the Govardhan hill
in northern India, which is considered holy by Hindus
 urn:newsml:reuters.com:*:nL4N2KE1DW
    ** About 148,626 shares change hands vs 30-DMA of 204,984
    ** INMR shares rose 210% in 2020 vs a 35.6% gain YTD, as of
last close


($1 = 72.7500 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))