Bengaluru, April 15 -- A veteran investor has quietly built a significant position in one of India's leading B2B marketplaces, signalling long-term confidence even as the company navigates a period of moderating growth.

With a market cap of Rs. 12,616 Crore, the share of Indiamart Intermesh Ltd. is trading at a price of Rs. 2103 per share, which is 0.09 percent down from its previous closing price of Rs. 2104.95. Tae stock has a P/E ratio of 20.8.

Nalanda Capital Bets Big on IndiaMART

Pulak Prasad, founder of Nalanda Capital, has acquired approximately a 5.14% stake in IndiaMART InterMESH, investing close to Rs. 650 crore in the company. The move marks a notable vote of confidence from one of India's most respected long-term investors,...