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    539807   INE483S01020

INFIBEAM AVENUES LIMITED

(539807)
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Infibeam Reportedly in Talks with Bernstein to Sell Substantial Stake

09/01/2021 EST

Infibeam Avenues Limited (BSE:539807) is in talks with Bernstein Equity Partners, LLC for selling a substantial stake in the company, two people aware of the development said. Prior to the investment, Infibeam would look to split the company into two verticals-a fintech payment gateway and a fintech platform-one of these people said. "Both the companies would remain listed. The PE investor could look to invest in the payment gateway vertical. "The company is also looking to rope in strategic investors for the other vertical. Infibeam has also initiated conversations with a multinational ecommerce player and a large Indian conglomerate for selling equity in its platform business, another person aware of the development said."These talks with the strategic investors are merely exploratory talks at this point in time. The next round should happen once the company announces the split and investors get a clear visibility," said one of the persons. An email query sent to Infibeam and Bernstein Equity Partners remains unanswered. ET could not confirm the exact money the PE firm is looking to invest in the Gujarat-based company.


© S&P Capital IQ 2021
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Financials
Sales 2022 12 834 M 170 M 170 M
Net income 2022 820 M 10,9 M 10,9 M
Net Debt 2022 - - -
P/E ratio 2022 66,2x
Yield 2022 -
Capitalization 54 451 M 722 M 721 M
Capi. / Sales 2022 4,24x
Capi. / Sales 2023 2,86x
Nbr of Employees 640
Free-Float 32,1%
Chart INFIBEAM AVENUES LIMITED
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Infibeam Avenues Limited Technical Analysis Chart | 539807 | INE483S01020 | MarketScreener
Technical analysis trends INFIBEAM AVENUES LIMITED
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 41,05 INR
Average target price 86,00 INR
Spread / Average Target 110%
EPS Revisions
Managers and Directors
Vishal Ajitbhai Mehta Managing Director & Director
Hiren Bachubhai Padhya Chief Financial Officer
Ajit Champaklal Mehta Non-Executive Chairman
Vijaykumar Subramanian Chief Information Officer
Ajay Chandra Chief Technical Officer
Sector and Competitors