Latest news with #InfibeamAvenues
Entrepreneur
6 days ago
- Business
- Entrepreneur
Infibeam Avenues Closes INR 700 Cr Rights Issue
The Rights Issue was structured at a ratio of 67 shares for every 267 shares held, priced at INR 10 per share. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Infibeam Avenues Ltd, an AI-driven fintech leader, has successfully concluded its INR 700 crore Rights Issue. The offering, which closed on July 11, 2025, received an overwhelming response from investors and was oversubscribed by 1.40 times. This strong participation reflects investor confidence in the company's AI-driven strategy and its continued expansion in the digital payments sector. The Rights Issue was structured at a ratio of 67 shares for every 267 shares held, priced at INR 10 per share. This price included a premium of INR 9 per share. Eligible equity shareholders had the opportunity to subscribe to approximately four new shares for every one held on the record date. The response was robust across the investor spectrum, with participation from promoters, institutions, high-net-worth individuals, and retail investors. In a meeting held on July 15, 2025, the Rights Issue Committee approved the allotment of 69,99,85,723 partly paid-up equity shares. Each share was priced at INR 10, with INR 5 received on application and the remaining amount to be paid on future calls determined by the Board or Committee. Vishal Mehta, Chairman and Managing Director of Infibeam Avenues Ltd, said, "We are sincerely grateful for the overwhelming support and confidence shown by our shareholders. Their belief in our strategic vision motivates us to continue building innovative, AI-powered platforms and solutions for India and beyond. The funds raised will further strengthen our balance sheet and enable us to invest in key growth areas, including AI-driven products, digital payment solutions, and selective acquisitions aligned with our vision." The net proceeds from the issue are intended for investments in the company's agentic AI and video intelligence arm; expansion of RediffPay to enhance UPI and digital financial services; development of RediffOne, an enterprise AI and e-commerce platform; strategic acquisitions aligned with the company's vision; and establishing edge data centers across India. Infibeam Avenues claims to have processed INR 7.0 trillion in transactions during FY24 and serves over 10 million clients globally. Its operations extend to the UAE, Saudi Arabia, Australia, the United States, and Oman. The subscription figures are provisional and subject to reconciliation and final allotment confirmation in accordance with SEBI guidelines.
Mint
7 days ago
- Business
- Mint
Infibeam Avenues concludes Rights Issue worth ₹700 crore, shares oversubscribed 1.4 times
Fintech company Infibeam Avenues has announced the completion of its ₹ 700 crore rights issue, which was oversubscribed 1.40 times. The rights issue was structured in a 67:267 ratio at ₹ 10 per share, including a premium of ₹ 9 per share. The company in an exchange filing on Tuesday stated, "In terms of the Letter of Offer dated June 19, 2025, the Rights Issue opened on Thursday, July 03, 2025, and closed on Friday, July 11, 2025 with an over subscription of 140% i.e. 1.40 times of the total Rights Issue Size of Rs. 69,998.57 lakhs. It further added, 'The Rights Issue Committee of the Company at its meeting held today, i.e. July 15, 2025, has considered and approved the allotment of 69,99,85,723 Partly paid up Equity Shares at an issue price of Rs. 10/- per Rights Equity Share including a share premium of Rs. 9/." Notably, ₹ 5 per share, which includes a premium of INR 4.50, has been received on application. The remaining amount will be payable on the final call as determined by the Board or Committee at their sole discretion, from time to time, the company informed. Infibeams Avenues plans to use the net proceeds from the rights issue towards expanding RediffPay to support UPI and broader digital financial services, developing RediffOne, investing in other acquisitions and establish a distributed network of data center capacity for edge computing across India. Speaking on the rights issue, Vishal Mehta, Chairman and Managing Director of Infibeam Avenues said, 'We are sincerely grateful for the overwhelming support and confidence shown by our shareholders. Their belief in our strategic vision motivates us to continue building innovative, AI-powered platforms and solutions for India and beyond." He further added, "the funds raised will further strengthen our balance sheet and enable us to invest in key growth areas, including AI-driven products, digital payment solutions, and selective acquisitions aligned with our vision.'
Business Standard
03-07-2025
- Business
- Business Standard
Nueromind Technologies signs MoU with Nawgati Tech
To co-develop next-generation AI-powered solutions for fueling, fleet, and energy sectors Nueromind Technologies (Phronetic), a cutting-edge deep-tech AI company owned by Infibeam Avenues, has entered into a Memorandum of Understanding (MoU) with Nawgati Tech, a pioneering deep-tech company transforming India's fuel and mobility infrastructure. This deal aims to co-develop next-generation AI-powered solutions tailored for the fueling, fleet, and energy sectors to automate reasoning capabilities for accurate decision making on real time basis by using CCTV-video inputs. Phronetic's ABM platform is a multimodal technology that combines Video-Language Models (Video LLMs) with a reasoning model. The Video-LLMs provide insight for understanding the environments, while the reasoning models provides intelligence in contextualizing this information. Ultimately, Phronetic's Agentic AI, known as the field agent, enables real-time actions based on these insights. Companies often face operational challenges related to improving efficiency and ensuring SOP (standard operating procedures) compliance. Although current technologies can identify or detect these challenges, they fall short in providing decision-making and action-oriented suggestions due to their lack of reasoning capabilities with video inputs.
Mint
20-06-2025
- Business
- Mint
Infibeam Avenues Rights Issue: Small-cap stock up 3% as rights issue record date, ratio, price, other key details out
Infibeam Avenues share price rallied over 3% on Friday after the company approved the launch of rights issue to raise up to ₹ 699.99 crore. The small-cap stock gained as much as 3.54% to ₹ 22.22 apiece on the BSE. The Rights Issue Committee of Infibeam Avenues, at its meeting held on June 19, approved raising funds of up to ₹ 6,99,98,57,230 through the rights issue. Infibeam Avenues' promoter group has announced its participation in the company's Rights Issue. 'The Promoter and Promoter Group have confirmed that they will subscribe to the rights entitlements to the full extent and may renounce them, in full or in part, only in favour of members of the Promoter and Promoter Group. They also intend to subscribe to additional shares and any unsubscribed portion of the issue, subject to compliance with minimum public shareholding norms,' Infibeam Avenues said in a release. Infibeam Avenues also fixed the Record Date for the Rights Issue of equity shares of the company. 'This Rights Issue offers our loyal shareholders a meaningful opportunity to participate in the company's next transformative phase. The capital raised will drive innovation, scale, and strategic expansion — in lockstep with our investor community,' said Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd. Here are key details of Infibeam Avenues Rights Issue: Rights Issue Dates: Infibeam Avenues Rights Issue will open on Thursday, July 3, 2025, and close on Friday, July 11, 2025. The last date for on-market renunciation of rights entitlements is Monday, July 7, 2025, and for off-market renunciation, it is Thursday, July 10, 2025. Total Rights Issue Shares: Infibeam Avenues rights issue comprises 69,99,85,723 partly paid-up equity shares of face value ₹ 1 each. Rights Issue Price: The issue price for the Infibeam Avenues rights equity shares is ₹ 10 per share (including a premium of ₹ 9 per share). Rights Issue Payment Schedule: The amount payable will be made in two tranches — ₹ 5 per share on application ( ₹ 0.50 towards face value and ₹ 4.50 towards premium), and the remaining ₹ 5 on a final call to be determined by the Board or the Rights Issue Committee. Rights Issue Size: The total size of Infibeam Avenues Rights Issue is ₹ 6,99,98,57,230. Rights Issue Record Date: The record date to determine eligible shareholders for Infibeam Avenues Rights Issue is June 26, 2025. Eligible Rights Entitlement Ratio: Infibeam Avenues Rights Issue ratio is 67:267, which means shareholders will be entitled to 67 rights equity shares for every 267 fully paid-up equity shares held on the record date. Outstanding Equity Shares: Assuming full subscription, the total outstanding equity shares of the company after the Rights Issue will increase to 3,48,94,81,069 from 2,78,94,95,346. At 11:25 AM, Infibeam Avenues share price was trading 1.40% higher at ₹ 21.76 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
16-06-2025
- Business
- Mint
Small-cap stock under ₹25 jumps 5% after THIS update on rights issue
Infibeam Avenues share price jumped over 5% on Monday after the company shared an update regarding its rights issue. Infibeam Avenues shares rallied as much as 5.13% to ₹ 22.95 apiece on the BSE. Infibeam Avenues said its Rights Issue Committee will meet on 19 June 2025 to consider and approve various terms of the rights issue. It will discuss and finalise rights issue record date, price, entitlement ratio and other terms. '... the meeting of the Rights Issue Committee is scheduled to be held on Thursday, June 19, 2025 inter alia to consider discuss and approve various terms and conditions of the Rights Issue including determination of the Rights Issue price, Record Date and Rights Entitlement ratio and other matters incidental or connected therewith and to consider other business items, if any,' Infibeam Avenues said in a regulatory filing on June 16. Earlier on June 09, Infibeam Avenues said its Rights Issue Committee at its meeting considered and approved the Draft Letter of Offer in relation to the Rights Issue of the company to be filed with BSE and National Stock Exchange of India (NSE) for their in-principle approvals. The board of directors of Infibeam Avenues on May 9 had approved raising of funds through issue of equity shares having face value of Re 1 for an aggregate amount of ₹ 700 crores on Rights Issue. Infibeam Avenues share price has gained 20% in one month, and rallied 26% in three months. However, the small-cap stock has fallen 13% on a year-to-date (YTD) basis, and has dropped 27% in one year. Infibeam Avenues shares have delivered strong returns over the long term, as the stock has jumped 55% in two years and 85% in five years. At 3:05 PM, Infibeam Avenues share price was trading 3.53% higher at ₹ 22.60 apiece on the BSE.
