Acquiring Company
Shalimar Paints
Acquired Company
Hella Infra Market
GurgaonManufacturingManufacturingRetailConstructionBuilding MaterialDescription
Shalimar Paints has approved a reverse merger with Infra.Market, allowing the building materials platform to enter public markets. The transaction involves a share swap where Hella Infra Market shareholders will receive Shalimar Paints shares. This strategic move is aimed at expanding into a broader building materials platform. The acquisition is subject to shareholder and regulatory approvals.
Quick answer
Shalimar Paints is acquiring Hella Infra Market, announced August 13, 2026. Shalimar Paints is based in Gurgaon, Haryana, India.
- How much did Shalimar Paints pay for Hella Infra Market?
- The deal value was not disclosed.
- What does Shalimar Paints do?
- Shalimar Paints is India’s oldest and iconic paint brand.
- Where are Shalimar Paints and Hella Infra Market based?
- Shalimar Paints is based in Gurgaon, Haryana, India.
- Who are the decision-makers at Shalimar Paints?
- Fundz holds 1 contact at Shalimar Paints. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Retail and Construction
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Qassim Cement to acquire A-Mix for SAR65 million (September 9, 2026)
- Maple Leaf Cement merges with Pioneer Cement (September 3, 2026)
- Tri Polarcon acquires Rockhard Polycoats successfully (August 28, 2026)
- GMS acquires Evergreen Building Products (August 19, 2026)
- White Cap to acquire Ace Contractors Supply (August 11, 2026)
- Ambuja Cements to merge with Orient Cement (July 22, 2026)
Who to call at Shalimar Paints, and when
When Shalimar Paints changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Shalimar Paints raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Shalimar Paints, from your own LinkedIn network
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Frequently asked
Who acquired Hella Infra Market?
Hella Infra Market was acquired by Shalimar Paints, based in Gurgaon. The deal was reported on August 13, 2026. Shalimar Paints is India’s oldest and iconic paint brand. Backed by over a century-old legacy, Shalimar stands for the Art & Science of Paints. Shalimar Paints is privately held and operates in Manufacturing.
When did Shalimar Paints acquire Hella Infra Market?
Shalimar Paints's acquisition of Hella Infra Market was reported on August 13, 2026. Shalimar Paints has approved a reverse merger with Infra.Market, allowing the building materials platform to enter public markets. The transaction involves a share swap where Hella Infra Market shareholders will receive Shalimar Paints shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hella Infra Market do?
Hella Infra Market is a B2B platform specializing in building materials technology. It offers products such as ready-mix concrete, aggregates, and tiles. Funded by investors like Tiger Global, it reached a valuation of approximately Rs 25,000 crore. It is privately held, operating in Manufacturing.
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