IndiaMART acquires full stake in Livekeeping Technologies for Rs 26.78 crore
By News Desk Published on May 9, 2025, 08:03 IST
IndiaMART InterMESH Limited has announced the acquisition of the remaining stake in Livekeeping Technologies Private Limited, making it a wholly owned subsidiary, the company informed in a regulatory filing on May 8, 2025.
The company has purchased 5,235 equity shares of face value ₹10 each at a premium of ₹51,135 per share from the promoters of Livekeeping, amounting to a total cash consideration of approximately ₹26.78 crore.
Livekeeping Technologies, headquartered in Delhi, provides value-added digital integration services for on-premise accounting software like Tally. Its platform enables businesses to sync desktop-based accounting data to the cloud, offering real-time access to sales, receivables, and payment details via mobile and web applications.
The acquisition is in line with IndiaMART's broader strategy to strengthen its portfolio of SaaS-based offerings for businesses. The company stated that this move supports its long-term objectives in the digital accounting and business services space.
As per the filing, Livekeeping's revenue stood at ₹2.35 crore in FY25, up from ₹45 lakh in FY24 and ₹18 lakh in FY23. The transaction does not fall under related party transactions, and the promoters of IndiaMART have no direct interest in the deal.
With this transaction, IndiaMART now holds 100% equity in Livekeeping Technologies.
Disclaimer: This article is for informational purposes only. Business Upturn does not provide investment advice or stock recommendations. Please consult a qualified financial advisor before making investment decisions.
News desk at BusinessUpturn.com
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