eCommerce

Japan’s Mitsubishi UFJ Financial Sells 2% Indirect Stake In IndiaMART

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SUMMARY

Mitsubishi UFJ Financial Group (MUFG) said it divested a 2% indirect stake in IndiaMART on account of sale of four of its subsidiaries

MUFG held a 5.13% stake in IndiaMART prior to this sale, which has now reduced to 3.12%

Founded in 1999, IndiaMART is a B2B marketplace connecting buyers and sellers across sectors such as consumer electronics, manufacturing, among others

Japanese lender Mitsubishi UFJ Financial Group (MUFG) has sold 2% of its indirect stake in online B2B marketplace IndiaMART InterMESH.

In a filing…

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