Infibeam plans to combine its digital payment services, platform business offerings, and artificial intelligence solutions with Rediff.com’s services

Fintech Infibeam Avenues to acquire controlling stake in Rediff.com

The payment firm also reported a healthy growth in net profit with its overall take rate from the business going up to 11 basis points from around 8 basis points previously.

Infibeam Avenues to acquire 54% stake in Rediff

Infibeam Avenues acquires 54.1% stake in Rediff.com India Ltd., marking a significant milestone in fintech and digital services.

Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore

Infibeam Avenues rallied 5.84% to Rs 32.79 after the company’s consolidated net profit surged 59.49% to Rs 50.4 crore in Q1 FY25 as compared with Rs 31.6 crore in Q1 FY24.

Infibeam Avenues gains as Q1 PAT climbs 59% YoY to Rs 50 cr

For its foray into financial services as an aggregator

Infibeam Avenues to acquire 54% stake in Rediff.com

Infibeam Avenues Share Price: I am delighted to pass on this iconic brand and its legacy into the capable hands of Mr Vishal Mehta, Infibeam Avenues. I strongly believe that the new avatar of Rediff under his leadership will further strengthen the company and accelerate business growth, said Ajit Balakrishnan, Chairman & CEO of Rediff.com.

Infibeam Avenues acquires majority stake in Rediff.com, shares jump over 8%

Infibeam Avenues consolidated net profit rises 168.69% in the June 2024 quarter

Find here the list of all 130+ companies scheduled to announce their quarterly results this week.

Q1 Results This Week: Delhivery, Infibeam Avenues, Aeroflex Industries Among 130+ Firms To Declare Earnings

GTL Infra shares climbed 3.85 per cent to Rs 3.24 on NSE. The stock saw 64,82,94,159 shares worth Rs 290 crore changing hands. It was followed by Vodafone Idea, which saw 57,93,54,485 shares worth Rs 917 crore changing hands.

Vodafone Idea, Infibeam, HCC, YES Bank, MMTC, SJVN, Sanstar shares see surge in NSE volumes

Ion Exchange (India) Ltd, SJVN Ltd, Network 18 Media & Investments Ltd and Mphasis Ltd are among the other gainers in the BSE’s ‘A’ group today, 26 July 2024.