Acquiring Company
Hella Infra Market
Acquired Company
Shalimar Paints
ThaneManufacturingRetailConstructionBuilding MaterialPrivate Equity FundPrivate Equity FundManufacturingDescription
Hella Infra Market is set to acquire Shalimar Paints through a reverse merger valued at Rs 10,440 crore. This move will allow Infra Market to become publicly traded without a traditional IPO. The acquisition follows Infra Market's increasing stake in Shalimar, which was originally invested at Rs 270 crore in January 2022.
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Based on deal dataFrequently asked
Who acquired Shalimar Paints?
Shalimar Paints was acquired by Hella Infra Market, based in Thane. The deal was reported on August 19, 2026. Hella Infra Market is a B2B platform specializing in building materials technology. It offers products such as ready-mix concrete, aggregates, and tiles. Hella Infra Market is privately held and operates in Manufacturing.
When did Hella Infra Market acquire Shalimar Paints?
Hella Infra Market's acquisition of Shalimar Paints was reported on August 19, 2026. Hella Infra Market is set to acquire Shalimar Paints through a reverse merger valued at Rs 10,440 crore. This move will allow Infra Market to become publicly traded without a traditional IPO. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Shalimar Paints do?
The history of Shalimar Paints is the history of the paint industry in India and South-East Asia. Shalimar Paint Color & Varnish Co. was established in 1902 in Howrah, West Bengal by two Britishers - A N Turner and A N Wright. It is privately held, operating in Manufacturing.