Fintech agency Infibeam Avenues has concluded its Rs 700-crore rights subject, which was oversubscribed by 1.4 occasions.
The rights subject provided eligible shareholders the chance to purchase 4 new shares for each current share held, at a worth of Rs 10 per share, the corporate stated in an announcement.
“The rights subject committee of the corporate, in its assembly held on July 15, 2025, accredited the allotment of 69,99,85,723 partly paid-up fairness shares…,” the corporate stated.
The funds raised can be used to assist the corporate’s growth in synthetic intelligence (AI) and digital funds.
“The funds raised will additional strengthen our stability sheet and allow us to put money into key progress areas, together with AI-driven merchandise, digital cost options, and selective acquisitions aligned with our imaginative and prescient,” Infibeam Avenues Chairman and Managing Director Vishal Mehta stated.
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The proceeds can be directed in the direction of Phronetic.AI, the corporate’s Agentic AI and Video Intelligence enterprise. It should additionally help the growth of RediffPay to assist UPI and broader digital monetary companies, and the event of RediffOne, an enterprise-grade platform.
The corporate additionally seeks to pursue strategic acquisitions that can complement its AI-led market technique and construct a distributed community of knowledge centres for edge computing throughout India.
Infibeam Avenues posted a marginal rise in quarterly revenue as hovering income was offset by a steeper enhance in prices. In the meantime, its full-year earnings surpassed inside steering, buoyed by robust traction in each home and worldwide funds.
Web revenue attributable to shareholders rose 5.3% year-on-year to Rs 49.1 crore within the quarter ended March 31, 2025, from Rs 46.64 crore a 12 months earlier, in line with an investor presentation filed with inventory exchanges. Income from operations jumped 62% to Rs 1,160.5 crore, whereas bills climbed 65.7% to Rs 1,103.9 crore over the identical interval.
Infibeam processed Rs 2.42 trillion price of funds within the quarter, up 7% year-on-year, whereas its funds web take charge improved 16% to 10.6 foundation factors. In This autumn FY25, CCAvenue India’s cost choice combine comprised 45% from bank cards, 21% from UPI, and 34% from different strategies resembling web banking and debit playing cards.
