MoneyWorks4Me

Infibeam Incorporation gets not to raise funds

31 May 2018 Evaluate

Infibeam Incorporation has received an approval to raise funds not exceeding Rs 2,000 crore by way of issuance of securities through Qualified Institutional Placement (QIP)/ Foreign Currency Convertible Bond (FCCB)/FCEB/ American depositary receipt (ADR)/ Global Depositary Receipt (GDR) etc. The meeting of the Board of Directors of the company held on May 30, 2018, approved the same.

Infibeam Incorporation is an e-commerce company, provides a cloud-based technology platform, and e-commerce infrastructure and logistics support for various merchants, products, and services in India.

Peers
Company Name CMP
One97 Communications 1695.00
AvenuesAI 13.81
Billionbrains Garage 200.70
Moneyview 59.70
Pine Labs 165.10
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