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Shalimar Paints to reverse merge with Infra.Market

PRIVATEAug 13, 2026•about 3 hours ago

Acquiring Company

Shalimar Paints

Acquired Company

Hella Infra Market

ThaneManufacturingManufacturingRetailConstructionBuilding MaterialPrivate Equity FundPrivate Equity Fund

Description

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.

Company Information

Company

Shalimar Paints

About

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. In the same year, the company set-up a large-scale manufacturing plant in Howrah, the first such plant in South-East Asia. After decades of dullness, Shalimar Paints, the oldest paint company in India, is embarking on a journey to regain its sheen. Upgrading plant infrastructure, expanding research and development capacities, and fortifying the supply chain are key focus areas expected to drive product improvements in the decorative and industrial segments. Plans are also on the cards to tap into international markets.

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Integration timeline

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Tech stack consolidation

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Post-acquisition investment

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Frequently asked

Who acquired Hella Infra Market?

Hella Infra Market was acquired by Shalimar Paints. The deal was reported on August 13, 2026. The history of Shalimar Paints is the history of the paint industry in India and South-East Asia. Shalimar Paint Color & Varnish Co. 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, and is based in Thane.