Infibeam Avenues Reports 72% Revenue Surge, Announces Strategic E-commerce Platform Transfer to Rediff
Infibeam Avenues reported robust Q2 results with 72% YoY gross revenue growth to ₹1,280 crores and 31% net revenue growth to ₹152 crores. Adjusted PAT surged 70% to ₹85 crores. The company is transferring its e-commerce platform infrastructure business to Rediff.com for ₹800 crores, retaining over 80% equity in Rediff post-deal. This move allows Infibeam to focus on CCAvenue payments and Phronetic.AI. International operations showed significant progress, with TPV crossing AED 12 billion. The company provided FY2026 guidance, projecting revenue of ₹5,250-5,500 crores and PAT of ₹220-240 crores.
08Aug 25
Infibeam Avenues Reports 72% Revenue Growth in Q1, Approves Platform Business Transfer to Rediff.com for ₹800.39 Crores
Infibeam Avenues Limited reported impressive Q1 financial results with a 72% YoY increase in consolidated gross revenue to ₹12,802.00 million and a 70% surge in Adjusted PAT to ₹855.00 million. The company announced strategic moves including the transfer of its Platform Business to Rediff.com for ₹800.39 crores and plans to increase its stake in Rediff.com to up to 83%. The board approved increasing authorized share capital from ₹350.00 crores to ₹700.00 crores. Infibeam provided guidance for future performance, projecting revenue between ₹52,500 - 55,000 million.
15Jul 25
Infibeam Avenues: ₹700 Crore Rights Issue Oversubscribed 1.4 Times
Infibeam Avenues Limited successfully concluded its rights issue, raising ₹700 crore with 1.4 times oversubscription. The company allotted 69,99,85,723 partly paid-up equity shares. Funds will be used for investments in Phronetic.AI, expansion of RediffPay, development of RediffOne, strategic acquisitions, and establishment of a distributed network of data centers for edge computing across India.
25Jun 25
Infibeam Avenues Shares Soar 15% on Rights Issue Submission to SEBI
Infibeam Avenues' shares jumped nearly 15% to Rs 23.39 following the announcement of its upcoming rights issue. The company submitted a Letter of Offer to SEBI, aiming to raise up to Rs 699.98 crore. The record date is set for 26 June 2025, with the promoter group confirming participation. This move signals the company's proactive approach to raising capital for potential growth initiatives.
19Jun 25
Infibeam Avenues Announces ₹7 Billion Rights Issue to Boost Capital
Infibeam Avenues' board has approved a ₹7 billion rights issue. Shareholders will be offered 67 new shares for every 267 fully paid-up shares held. This move aims to strengthen the company's financial position and could be used for expansion, debt reduction, or technology investments. The rights issue presents an opportunity for existing shareholders to increase their stake at a potentially discounted price, though it may lead to share dilution if not all participate.
26May 25
Infibeam Avenues Unveils AI-Powered Solutions and Expands Services Globally
Infibeam Avenues has launched several new initiatives, including the AI-optimized Infibeam Quantum Edge, expansion of CCAvenue to the GCC region, introduction of Smart Soundbox and TapPay payment solutions, and extension of BillAvenue service to rural India. These moves aim to enhance the company's technological capabilities, expand its global presence, and increase financial inclusion.
26May 25
Infibeam Avenues Reports 62% YoY Revenue Surge in Q4, Profit Up 5%
Infibeam Avenues posted strong Q4 results with revenue up 62% to ₹1,160.50 crore. EBITDA increased 14% to ₹77.70 crore, while net profit grew 5.15% to ₹49.00 crore. The company added over 110,000 new merchants and improved its net take rate to 10.6 basis points. The board approved divestment of its logistics subsidiary to focus on core digital payment and enterprise software solutions.
06May 25
Infibeam Avenues to Discuss Fund Raising in Upcoming Board Meeting
Infibeam Avenues Ltd has announced a board meeting on May 9, 2023, to consider fund-raising options. The meeting will also address the approval of audited financial results for Q4 and FY 2022-23, and potential dividend recommendations. The fund-raising initiative, if approved, may involve issuing equity shares or convertible securities, subject to regulatory and shareholder approvals. This move suggests the company may be planning for expansion, technology investments, or strengthening its financial position.
06Mar 25
Infibeam Avenues to Divest 49% Stake in Pirimid Technologies, Appoints New Independent Director
Infibeam Avenues Limited is divesting its 49% stake in Pirimid Technologies to subsidiary Rediff.com India for up to 27 crore rupees. The transaction will be completed within 60 days. Additionally, Ms. Girija Krishan Varma has been appointed as an Additional Woman Director (Non-Executive and Independent) for a 5-year term, effective March 6, 2025, subject to shareholder approval. Ms. Varma brings extensive legal experience from roles at Microsoft India, Standard Chartered Bank, and HCL-Hewlett Packard Limited.