Infibeam Avenues is currently trading at Rs. 30.77, up by 0.95 points or 3.19% from its previous closing of Rs. 29.82 on the BSE.
The scrip opened at Rs. 30.21 and has touched a high and low of Rs. 31.76 and Rs. 30.20 respectively. So far 2253899 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 42.50 on 11-Mar-2024 and a 52 week low of Rs. 13.70 on 18-Aug-2023.
Last one week high and low of the scrip stood at Rs. 31.76 and Rs. 29.32 respectively. The current market cap of the company is Rs. 8574.13 crore.
The promoters holding in the company stood at 27.43%, while Institutions and Non-Institutions held 7.59% and 65.00% respectively.
Infibeam Avenues has received approval to acquire balance 26% stake from the existing Shareholder of Infibeam Digital Entertainment. Post acquisition, it would become a Wholly Owned Subsidiary Company. The object of acquisition is to obtain 100% control and also to grab opportunities in digital media technology and live events. The said acquisition is expected to be completed within 30 days. The Board of Directors of the company at its meeting held on July 09, 2024 has, inter alia; approved the same.
Infibeam Avenues is engaged in providing online retail services.
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