The company has entered into a definitive agreement with Jio Platforms and its affiliates to license, customise, maintain and access enterprise e-commerce software and payments platform.
The audit arm of EY would probably be happy if Infibeam shareholders give their stamp of approval to the proposal
The stock has moved higher by 20% to Rs 70.55 on the BSE in intra-day, bouncing back 84% from its record low on of Rs 38.40 touched in early morning trade today.
According to people who attended the AGM, shareholders, too, refrained from raising questions over how the listed company lost 70 per cent of its market value on a single day after a WhatsApp message