Infibeam is planning to expand business in IT segment. The company will seek shareholders approval for the same at meeting to be held on June 28, 2018. The company will also seek approval to raise an aggregate amount not exceeding Rs 2,000 crores or its equivalent thereof, in one or more currencies.
The company is also planning to set up a payments bank. It plans to leverage its financial technology and expand business in all kind of prepaid payment instruments e-wallets, co-branded wallets, and any other pre-paid payment instrument, after seeking Reserve Bank of India permit.
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.
