Infibeam Avenues is currently trading at Rs. 41.80, up by 0.50 points or 1.21% from its previous closing of Rs. 41.30 on the BSE.
The scrip opened at Rs. 41.55 and has touched a high and low of Rs. 42.25 and Rs. 41.55 respectively. So far 38572 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. 45.10 and Rs. 40.55 respectively. The current market cap of the company is Rs. 2739.81 crore.
The promoters holding in the company stood at 38.22%, while Institutions and Non-Institutions held 4.78% and 57.00% respectively.
Infibeam Avenues has acquired 100% stake of Vavian International, a Company formed and registered in Dubai from Infibeam Global EMEA FZ-LLC, the wholly owned subsidiary of the Company and hence, Vavian International will become direct wholly owned subsidiary of the Company.
A binding Memorandum of Understanding (MoU) has been signed between Infibeam Global EMEA FZ-LLC, the wholly owned subsidiary of our Company and Unipropitia - FZCO wherein the Unipropitia Group will invest in Infibeam Global EMEA FZ-LLC for an aggregate consideration not exceeding $25 million with Control on signing of the MoU.
Infibeam Avenues is engaged in providing online retail services.
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