Infibeam To Use Proceeds Of INR 700 Cr Rights Issue To Bolster AI Play

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SUMMARY

Infibeam Avenues is raising INR 700 Cr via a rights issue to invest in Infibeam Projects, Phronetic and Reddif, and pursue acquisitions in the future

Mehta said that the company’s dedicated AI division, Phronetic AI, is focussing on developing a global marketplace for AI agents

Infibeam will be investing INR 87.7 Cr in Rediff to build a customer-facing digital payments platform

Fintech company Infibeam Avenues has filed a draft letter of offer to raise INR 700 Cr via a rights issue to invest in its subsidiaries…



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Infibeam To Use Proceeds Of INR 700 Cr Rights Issue To Bolster AI Play


SUMMARY

Infibeam Avenues is raising INR 700 Cr via a rights issue to invest in Infibeam Projects, Phronetic and Reddif, and pursue acquisitions in the future

Mehta said that the company’s dedicated AI division, Phronetic AI, is focussing on developing a global marketplace for AI agents

Infibeam will be investing INR 87.7 Cr in Rediff to build a customer-facing digital payments platform

Fintech company Infibeam Avenues has filed a draft letter of offer to raise INR 700 Cr via a rights issue to invest in its subsidiaries…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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