Indian digital payment firm Infibeam's profit surges 50%

Infibeam Avenues, a listed fintech company, announced key strategic decisions after a board meeting on Mar. 6.

The board approved a divestment of a 49% stake in Pirimid Technologies Limited to its subsidiary, Rediff.com India, for up to US$3 billion.

The transaction is expected to close within 60 days. Following the deal, Pirimid will no longer be an associate of Infibeam on a standalone basis.

In Q3 FY25, Infibeam reported a 50% year-on year net profit increase to US$7.4 billion, with revenue rising 18%, while its stock closed 0.69% higher at US$0.22.

Recent Infibeam developments

Timeline
05-Feb-2025 💰 Indian digital payment firm Infibeam’s Q3 profit jumps 50% Infibeam’s Q3 PAT rose 50% to ₹64.4 crore Revenue grew 18%, driven by CCAvenue payments
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10-Nov-2021 🚀 India Roundup: Nykaa makes blockbuster stock market debut, and more Nykaa shares soar 96% in market debut Insurtech Turtlemint eyes US$1B valuation

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Recent Infibeam developments

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