Infibeam Avenues raises ₹700 cr via oversubscribed rights issue
Infibeam Avenues raised ₹700 crore through an oversubscribed rights issue, offering shares at ₹10 each. Funds will expand its AI, payments, and enterprise platforms, develop data centres, and pursue acquisitions. Backed by strong investor trust, the company aims to boost its digital and AI offerings globally after reporting ₹1,160.5 crore revenue and ₹49.1 crore net profit last quarter.