Infibeam Avenues zooms on getting nod to divest 85,000 equity shares in Fable Fintech
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Infibeam Avenues is currently trading at Rs. 36.85, up by 2.39 points or 6.94% from its previous closing of Rs. 34.46 on the BSE.
The scrip opened at Rs. 36.00 and has touched a high and low of Rs. 37.88 and Rs. 35.48 respectively. So far 3703179 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.00 on 01-Feb-2024 and a 52 week low of Rs. 12.85 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 37.88 and Rs. 33.50 respectively. The current market cap of the company is Rs. 10277.21 crore.
The promoters holding in the company stood at 28.13%, while Institutions and Non-Institutions held 6.40% and 65.47% respectively.
Infibeam Avenues has received approval to divest 85,000 equity shares in Fable Fintech. Pursuant to the said transaction, Fable Fintech would cease to be an associate of the Company. The consideration received from such sale is Rs 15.30 crore. The Board of Directors at its meeting held on February 24, 2024 has approved the same.
Infibeam Avenues is engaged in providing online retail services.
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