Infibeam Incorporation dips 20% in one week

The stock dipped 4.5% to Rs 1,120 on BSE extending its 16% fall in past four trading days.

Shares of Infibeam Incorporation dipped 4.5% to Rs 1,120 on BSE extending its 16% fall in the past four trading days in an otherwise firm market.

The board of directors of Infibeam Incorporation in its meeting held on March 24, 2017 had allotted 436,363 equity shares of face value of Rs 10 each at a premium of Rs 1,365 per equity share to Bennett Coleman and Company Limited (BCCL),on preferential issue basis upon conversion of one convertible warrant of Rs 60 crore.

The Equity Shares will be locked in for a period of one year from the date