The News Scroll 13 July 2017  Last Updated at 8:15 pm

ICICI group firm buys stake in Infibeam for Rs 11 cr

The shares were acquired at an average price of Rs 1,1075, valuing the transaction at Rs 1107 crore, as per the data

New Delhi, Jul 13 ICICI Securities Primary Dealership today bought 1 lakh shares of e-commerce firm Infibeam Incorporation for over Rs 11 crore through open market transactions.

As per the block deal data available with BSE, the ICICI group firm purchased 1 lakh shares, or 0.18 per cent stake, in the ahmedabad-based e-commerce company.

The shares were acquired at an average price of Rs 1,107.5, valuing the transaction at Rs 11.07 crore, as per the data.

The shares were sold by private equity player Next Orbit Ventures Fund.

Infibeam Incorporation settled on the BSE at Rs 1,124.90, up 1.98 per cent, from previous close.

Last year, Infibeam became the first e-commerce company to get listed on the Indian bourses.

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