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Shalimar Paints board approved preferential share swap to acquire Hella Infra Market
Kolkata, West Bengal12 Aug 2026
Shalimar Paints Ltd’s board approved a preferential issue/share swap to acquire equity and compulsorily convertible preference shares (CCPS) of Hella Infra Market Ltd (Infra.Market platform operator), according to an exchange filing dated 12 August 2026. The proposal involves issuing up to 41.70 crore equity shares and 81.12 crore CCPS at an issue price of ₹85 per security to 185 investors; if completed, Hella Infra Market shareholders would collectively hold over 77% of Shalimar Paints, subject to shareholder and regulatory approvals.
Why it matters
Board approval is a concrete step toward Infra.Market accessing public markets via an existing listed company structure, potentially changing how the business is held and governed.
Shalimar Paints LtdHella Infra Market Ltd (Infra.Market)