Infibeam Avenues Limited

Equities

INFIBEAM

INE483S01020

Financial Technology (Fintech)

Market Closed - Bombay S.E. Other stock markets 06:00:53 2024-07-12 am EDT			5-day change	1st Jan Change
30.06 ^INR	+0.43%		+1.28%	+40.53%

Jul. 09	Infibeam Avenues Forms Subsidiary for AI-Enabled Fraud Detection Business; Shares Up 4%	MT
Jul. 09	Infibeam Avenues Ltd Announces Appointment of Narayanan Sadanandan, Former MD & CEO of SBI Pension Funds, as an Independent Director on Its Board	CI

Infibeam Avenues Limited agreed to acquire remaining 26% stake in Infibeam Digital Entertainment Private Limited.

July 08, 2024

Infibeam Avenues Limited (BSE:539807) agreed to acquire remaining 26% stake in Infibeam Digital Entertainment Private Limited from its shareholders on July 9, 2024. Upon completion, Infibeam Avenues Limited will own 100% stake in Infibeam Digital Entertainment Private Limited. The transaction has been approved by the Board of directors of Infibeam Avenues Limited.

The deal is expected to be completed within 30 days.

Latest news about Infibeam Avenues Limited

Infibeam Avenues Forms Subsidiary for AI-Enabled Fraud Detection Business; Shares Up 4%	Jul. 09	MT
Infibeam Avenues Ltd Announces Appointment of Narayanan Sadanandan, Former MD & CEO of SBI Pension Funds, as an Independent Director on Its Board	Jul. 09	CI
Infibeam Avenues Limited agreed to acquire remaining 26% stake in Infibeam Digital Entertainment Private Limited.	Jul. 08	CI
Transcript : Infibeam Avenues Limited, Q4 2024 Earnings Call, May 16, 2024	May. 16
Infibeam Avenues' Consolidated Profit, Revenue Jump in Fiscal Q4	May. 16	MT
Infibeam Avenues Limited Reports Earnings Results for the Full Year Ended March 31, 2024	May. 16	CI
Infibeam Avenues Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	May. 16	CI
Infibeam Avenues Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2024	May. 16	CI
Infibeam Avenues Ltd Launches THEIA: A Pioneering Video AI Developer Platform for Transforming Business Operations	Mar. 11	CI
Infibeam Avenues Gets RBI's Final Nod to Operate as Payment Aggregator; Shares Up 4%	Mar. 05	MT
Infibeam Avenues to Acquire 20% Stake in US-Based XDuce For $10 Million	Feb. 25	MT
Infibeam Avenues Limited Approves to Incorporate a Wholly Owned Subsidiary in IFSC, Gandhinagar	Feb. 24	CI
Infibeam Avenues Limited agreed to acquire 20% stake in Xduce Corporation for $10 million.	Feb. 23	CI
Transcript : Infibeam Avenues Limited, Q3 2024 Earnings Call, Jan 23, 2024	Jan. 23
Infibeam Avenues' Consolidated Profit Jumps in Fiscal Q3	Jan. 23	MT
Infibeam Avenues to Acquire Remaining 49.5% Stake in So Hum Bharat Digital Payments	Jan. 23	MT
Infibeam Avenues Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 23	CI
Infibeam Avenues Limited agreed to acquire 49.5% stake in So Hum Bharat Digital Payments Private Limited for INR 4.5 million.	Jan. 22	CI
Infibeam Avenues Appoints Rajesh Kumar SA as CEO of Phronetic.AI	Jan. 17	CI
Infibeam Avenues Appoints CEO of Artificial Intelligence Business	Jan. 17	MT
Infibeam Avenues Enters Capital Markets Technology Business with Pirimid Fintech Acquisition	Dec. 15	MT
Transcript : Infibeam Avenues Limited, Q2 2024 Earnings Call, Nov 02, 2023	Nov. 02
Infibeam Avenues Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 02	CI
Infibeam Avenues Files Bid to License Marketplace to India's Public Procurement Platform	23-10-02	MT
Infibeam Avenues Limited completed the acquisition of additional 25% stake in Fable Fintech.	23-09-24	CI

Chart Infibeam Avenues Limited

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Company Profile

Infibeam Avenues Limited is an India-based financial technology (Fintech) company. The Company offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. It offers digital payment solutions under the brand name CCAvenue and enterprise software solutions under the brand name BuildaBazaar. It provides payment options to the merchants allowing them to accept payments through Website and mobile devices in over 27 international currencies. It offers catalog management, real-time price comparison and demand aggregation features. Its digital payments portfolio consists of payment acquiring, payment issuance and domestic, and international remittances. The Company provides its solutions to merchants, enterprises, corporations, governments and financial institutions in both domestic, as well as international markets. The Company offers its solutions across the United Arab Emirates, Saudi Arabia, Oman, and the United States.

Sector

Financial Technology (Fintech)

Calendar

2024-08-05 - Q1 2025 Earnings Release (Projected)

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Ratings for Infibeam Avenues Limited

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

30.06 INR

Average target price

36.8 INR

Spread / Average Target

+22.42%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Financial Technology (Fintech) (NEC)

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Financial Technology (Fintech) (NEC)