Infibeam Avenues zooms on getting nod to make investment of up to Rs 25.10 crore in Pirimid
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Infibeam Avenues is currently trading at Rs. 24.05, up by 1.64 points or 7.32% from its previous closing of Rs. 22.41 on the BSE.
The scrip opened at Rs. 22.74 and has touched a high and low of Rs. 24.24 and Rs. 22.70 respectively. So far 12556304 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 24.24 on 15-Dec-2023 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. 24.24 and Rs. 21.51 respectively. The current market cap of the company is Rs. 6629.20 crore.
The promoters holding in the company stood at 29.13%, while Institutions and Non-Institutions held 6.38% and 64.49% respectively.
Infibeam Avenues has received approval to make an investment of up to Rs 25.10 crore in Pirimid Technologies. Post investment, Pirimid would become an Associate Company. Pirimid serves a diverse clientele, catering to both global and domestic market with key focus on financial services customers. The company offers a range of services in software development, particularly focusing on Capital Markets and Digital Lending. They are known for their topclass engineering capabilities, utilizing the latest technologies to build fintech products, tools, services, or workflows tailored to specific client requirements. The Board of Directors of the company at its Meeting held on December 14, 2023 has inter-alia considered and approved the same.
Infibeam Avenues is engaged in providing online retail services.
