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.
