Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

Ravi Agrawal, family raise stake in Infibeam Avenues to 7.11%

As a result, their shareholding in digital payment and e-commerce technology Platform Company has increased from 6.94 percent to 7.11 percent.

June 21, 2020 / 03:02 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Commodity trader Ravi Agrawal along with his family members raised equity stake in Infibeam Avenues to 7.11 percent on June 17, 2020.
Agrawal, along with persons acting in concert (Suraj Agrawal and Amita Agrawal) have acquired additional equity shares of 11,25,155 in the company, taking their total shareholding in the company to 4,71,73,974 equity shares (representing 7.11 percent of the total paid-up equity capital of Infibeam) as of June 18, 2020, Infibeam said in a BSE filing.

As a result, their shareholding in digital payment and e-commerce technology Platform Company has increased from 6.94 percent to 7.11 percent.

Agrawal, who is based in Nagpur and heads the L7 Group, in a separate release said he was interested in technology and has been bullish about e-commerce and digital payment segments.

"The (COVID-19) pandemic has made technology an immersive part of our daily lives and e-commerce and digital payments will further thrive due to social distancing," he reasoned.

Infibeam Avenues is an Indian internet and e-commerce conglomerate involved in digital payments, online retailing, e-commerce software and internet services.

Moneycontrol News
first published: Jun 21, 2020 03:02 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347