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04-Apr2018

Infibeam Incorporation soars on entering into agreement with TV18 Broadcast

Infibeam Incorporation is currently trading at Rs. 162.70, up by 4.50 points or 2.84% from its previous closing of Rs. 158.20 on the BSE.

The scrip opened at Rs. 162.50 and has touched a high and low of Rs. 163.70 and Rs. 161.10 respectively. So far 202061 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 195.75 on 06-Nov-2017 and a 52 week low of Rs. 87.00 on 25-Sep-2017.

Last one week high and low of the scrip stood at Rs. 163.70 and Rs. 148.95 respectively. The current market cap of the company is Rs. 8586.83 crore.

The promoters holding in the company stood at 44.52%, while Institutions and Non-Institutions held 10.19% and 45.29% respectively.

Infibeam Incorporation has entered into the advertisement agreement with TV18 Broadcast for advertising of company's products, services and brands in print and non-print media in accordance with the terms and conditions as contained in the said agreement. The agreement is valid for a period of 24 months.

Infibeam Incorporation is an e-commerce company, provides a cloud-based technology platform, and e-commerce infrastructure and logistics support for various merchants, products, and services in India.



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