Informative

Infibeam Closes INR 700 Cr Rights Issue With 1.4X Oversubscription

Update / Judgement Date

15 Jul 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceFinancial Management

Infibeam Avenues has successfully closed its ₹700 crore rights issue with an oversubscription of 1.4 times. This strong investor confidence indicates a positive market reception for the fintech company's fundraising efforts. A significant portion of the raised capital will be directed towards beefing up its subsidiary, Neuromind Technologies, which is the parent of Phronetic.AI. Additionally, Infibeam plans to launch a new e-commerce platform under Rediff, named RediffOne, leveraging this capital for strategic expansion and technological advancements.

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Infibeam Closes INR 700 Cr Rights Issue With 1.4X Oversubscription

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