Infibeam Avenues gains on incorporating wholly owned subsidiary in Australia
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Infibeam Avenues is currently trading at Rs. 15.02, up by 0.10 points or 0.67% from its previous closing of Rs. 14.92 on the BSE.
The scrip opened at Rs. 14.87 and has touched a high and low of Rs. 15.16 and Rs. 14.79 respectively. So far 50980 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 29.23 on 24-Jun-2021 and a 52 week low of Rs. 12.50 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 15.18 and Rs. 14.13 respectively. The current market cap of the company is Rs. 4027.85 crore.
The promoters holding in the company stood at 30.64%, while Institutions and Non-Institutions held 7.05% and 62.31% respectively.
Infibeam Avenues has incorporated a Wholly Owned Subsidiary, namely ‘Infibeam Avenues Australia’ in Australia which shall carry out business in the area of online digital payments and fintech services. lnfibeam Avenues Australia is incorporated on June 06, 2022 and is yet to commence its business operations.
Infibeam Avenues is engaged in providing online retail services.
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