India's Infibeam Avenues at 2-week high as co to mull fund raising

Avenuesai

18/08/2022 07:40

** Shares of fintech co Infibeam Avenues Ltd  IFIB.NS  surge
as much as 9.6% to 16.50 rupees, highest in 2 weeks 
    ** Co late on Wednesday said board will consider a proposal
on Aug. 25 for raising funds via permissible mode and/or
combination [https://bityl.co/Dsrx] 
    ** IFIB earlier this month reported Q1 consolidated net
profit of 237.4 million rupees ($2.98 million), up 68.9% y/y
 urn:newsml:reuters.com:*:nFWN2ZG0FJ    
    ** More than 10.1 mln shares changed hands by 0544 GMT, 2.7
times 30-day avg of over 3 mln shares
     ** Up to Wednesday's close, stock had fallen over 25% this
year

($1 = 79.6675 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com))