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Infibeam Avenues divests stake in wholly owned subsidiary

21 Jan 2019 Evaluate

Infibeam Avenues has divested its ownership with control in its Wholly Owned Subsidiary -- Infinium (India) to Ingenius E-commerce. The Memorandum of Understanding (MoU) has been executed on January 19, 2019. The total consideration received for the sale is Rs 60 crore.

Infibeam Avenues is engaged in providing online retail services.

Peers
Company Name CMP
One97 Communications 1672.60
AvenuesAI 15.91
Billionbrains Garage 187.25
Pine Labs 176.65
Seshaasai Tech. 382.25
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