Infibeam Avenues Ltd. Successfully Concludes INR 700 Crore Rights Issue

1.40 Times Oversubscribed with Strong Shareholder Support

Robust participation highlights investor confidence in the Company’s AI-led strategy and digital payments growth

Bengaluru, July 15, 2025 – Infibeam Avenues Ltd. (BSE: 539807 | NSE: INFIBEAM), an AI-driven fintech leader, is pleased to announce the successful closure of its INR 700 crore Rights Issue on July 11, 2025. The issue was 1.40 times oversubscribed, reflecting the trust and confidence that shareholders continue to place in the Company’s long-term vision and strategy.

Structured as a 67:267 Rights Issue at INR 10 per share (including a premium of INR 9 per share), the offering allowed eligible equity shareholders to subscribe to approximately four equity shares for every one share held as of the record date. The strong and broad-based participation—from promoters, institutional investors, high-net-worth individuals, and retail investors alike—underscores the Company’s resilient fundamentals and its growing role in the AI and digital payments landscape.

The Rights Issue Committee of the Company, in its meeting held on July 15, 2025, approved the allotment of 69,99,85,723 partly paid-up equity shares at INR 10 per share (including INR 9 as share premium). INR 5 per share (including INR 4.50 premium) has been received on application, with the balance payable on the Final Call as decided by the Board/Committee, at its sole discretion, from time to time.

Commenting on the outcome, Mr. Vishal Mehta, Chairman and Managing Director of Infibeam Avenues Ltd., said: “We are sincerely grateful for the overwhelming support and confidence shown by our shareholders. Their belief in our strategic vision motivates us to continue building innovative, AI-powered platforms and solutions for India and beyond. The funds raised will further strengthen our balance sheet and enable us to invest in key growth areas, including AI-driven products, digital payment solutions, and selective acquisitions aligned with our vision.”

The Company plans to deploy the net proceeds from the Rights Issue toward:

• Investments in Phronetic.AI, its advanced Agentic AI and Video Intelligence business unit;
• Expanding RediffPay to support UPI and broader digital financial services;
• Developing RediffOne, an enterprise-grade AI, payments, and e-commerce platform;
• Pursuing strategic acquisitions that complement its AI-led marketplace strategy;
• Establishing a distributed network of data center capacity for edge compute across India.

Over the past two fiscal years, Infibeam Avenues has focused on disciplined expansion into high-growth, scalable verticals. The successful completion of the Rights Issue reinforces the Company’s commitment to long-term value creation, innovation, and prudent financial management.