Infibeam Avenues inches up on incorporating wholly owned subsidiary company
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Infibeam Avenues is currently trading at Rs. 42.05, up by 0.15 points or 0.36% from its previous closing of Rs. 41.90 on the BSE.
The scrip opened at Rs. 42.40 and has touched a high and low of Rs. 42.40 and Rs. 41.85 respectively. So far 17865 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.45 on 24-Jun-2021 and a 52 week low of Rs. 36.80 on 06-May-2021.
Last one week high and low of the scrip stood at Rs. 45.20 and Rs. 40.35 respectively. The current market cap of the company is Rs. 5581.26 crore.
The promoters holding in the company stood at 31.07%, while Institutions and Non-Institutions held 7.62% and 61.31% respectively.
Infibeam Avenues has incorporated a wholly owned subsidiary company namely ‘Infibeam Projects Management’ on February 14, 2022. The company has incorporated a wholly owned subsidiary in GIFT City for providing software and fintech startups with Pre-built Infrastructure, Tools and resources to grow the business. Cost of acquisition is Rs 1 lakh.
Infibeam Avenues is engaged in providing online retail services.
