India's Infibeam Avenues rises on acquiring 20% stake in AI firm

Avenuesai

26/02/2024 06:40

** Shares of Infibeam Avenues  IFIB.NS  rise as much as 9.9%
to 37.90 rupees, last up 5.5%
    ** The SaaS fintech  says it bought 20% stake in US-based,
AI development co XDuce for $10 mln 
    ** Over 60 mln IFIB shares traded, most in 3 weeks
    ** Stock gained 29.5% in 2023, mostly due to a ~21% surge in
December-qtr

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))