MoneyWorks4Me

Infibeam Avenues spurts with its arm incorporating wholly owned subsidiary

18 Dec 2018 Evaluate

Infibeam Avenues currently trading at Rs. 49.65, up by 0.90 points or 1.85% from its previous closing of Rs. 48.75 on the BSE.

The scrip opened at Rs. 49.10 and has touched a high and low of Rs. 50.50 and Rs. 48.15 respectively. So far 1635592 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 242.80 on 18-Sep-2018 and a 52 week low of Rs. 27.65 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 50.50 and Rs. 42.05 respectively. The current market cap of the company is Rs. 3300.38 crore.

The promoters holding in the company stood at 38.22%, while Institutions and Non-Institutions held 9.21% and 52.57% respectively.

Infibeam Avenues’ wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely ‘Richrelevants’ in BVI, which will be the Step-down Wholly Owned Subsidiary Company of the Company to serve US & Europe markets.

Infibeam Avenues is engaged in providing online retail services.

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