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

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…