India, March 19 -- Japanese lender Mitsubishi UFJ Financial Group (MUFG) has sold 2% of its indirect stake in online B2B marketplace IndiaMART InterMESH.

In a filing with the exchanges today, MUFG said it divested a 2% indirect stake in IndiaMART on account of sale of four of its subsidiaries - First Sentier Investors (Australia) IM, First Sentier Investors Australia (RE), First Sentier Investors (UK) IM and First Sentier Investors International IM.

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

". MUFG has an aggregated interest in Indiamart Intermesh Ltd of 3.12% ordinary share capital, as on March 17th , 2025, which is the date of sale. This is based upon a total of 1,875,224 shares held and...