Infibeam Avenues:
 Surge on RBI Authorization

Regulatory Milestone Achieved

The market responds positively with a 145% stock surge in six months.
Share prices rally to Rs 37.80 on NSE.
AI-powered fintech firm secures Payment Aggregator license.
Received final RBI authorization.
Company Details

Growing Merchant Base and Strategic Moves

Recent RBI approval for Bharat Bill Pay enhances service offerings.
H1FY24 witnesses 50L+ merchant onboarding.
Infibeam boasts 10M+ merchants on its platform.

Strategic Investments and Expansion

Plans for a wholly-owned subsidiary in IFSC, GIFT CITY, Gandhinagar, focusing on payment services.
Divestment from Fable Fintech aligns with strategic restructuring.
Infibeam invests in XDuce Corporation, a US-based AI development company.

Future Prospects and Industry Impact

The positive market sentiment reflects investor confidence in Infibeam's future prospects.
Acquisition and subsidiary plans signify strategic diversification.
Infibeam's expansion aligns with growing digital payment trends.
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