Infibeam Avenues' ₹700 cr rights issue oversubscribed by 40%
Infibeam Avenues Ltd. concluded its ₹700 crore rights issue on July 11, 2025, oversubscribed by 1.40 times. Priced at ₹10 per share with a 67:267 ratio, the issue saw broad investor participation. Proceeds will fund AI ventures like Phroneticc. AI, RediffPay, RediffOne, data centre expansion, and acquisitions, aligning with its AI-led digital and fintech growth strategy.
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