StartupsInc42about 3 hours ago
Infra.Market Uses Shalimar Paints For Reverse Listing
8 min read
Infra.Market is pursuing a reverse listing through subsidiary Shalimar Paints instead of a standalone IPO, involving a ₹10,545 Cr share swap and a ₹1,000 Cr QIP. The move comes as the company carries ₹6,057 Cr debt and was valued at ₹24,620 Cr in February 2026.
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