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Ravi Agrawal raises stake in Infibeam Avenues to 7.11%

Ravi Agrawal – As a result, their shareholding in the digital payment and also e-commerce technology Platform Company has been increased from 6.94 percent to of 7.11 percent. Commodity trader Ravi Agrawal together with his family members raised an equity stake in Infibeam Avenues to 7.11 percent on 17th June 2020.
Ravi Agrawal, together side with the persons acting in the concert that Suraj Omprakash Agrawal and also Amita Ravi Agrawal have acquired around 47,23,505 equity shares of representing of about 0.71 percent of total paid-up an equity of the company during April 22-24, as Infibeam told in a BSE filing.
As a result, the shareholding in the digital payments and also the e-commerce technology platforms company that was increased to 5.65 percent, or around 3,74,98,240 equity shares, via open market purchases from 4.94 percent earlier as it added.
After acquiring an initial stake of 5.65% in Infibeam Avenues, the Astute Investor Ravi Agrawal together with his family members has raised an additional stake in Infibeam Avenues that bringing it to the total of 7.11% in the company.
The Commodity trader Ravi Agrawal together with his family members raised an equity stake in Infibeam Avenues to of 7.11 percent.

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Agrawal, who with the persons that acting in concert Suraj Agrawal and also Amita Agrawal has been acquired in additional equity shares of about 11,25,155 in the company, taking their total shareholding in the company to of about 4,71,73,974 equity shares which represent 7.11 percent of the total paid-up equity capital of Infibeam as of 18th June 2020, as Infibeam told in a BSE filing.

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Ravi Agrawal

As of these results, the shareholding in the digital payment and also e-commerce technology Platform Company has been increased from of 6.94 percent to of 7.11 percent as well.

Agrawal, who is based in Nagpur and also heads the L7 Group, in a separate release told that he was interested in technology and has been bullish about e-commerce so also digital payment segments as well.

“The COVID-19 pandemic situation has made technology an immersive part of our daily lives and also e-commerce and digital payments will further thrive because of the social distancing,” as he reasoned.

Infibeam Avenues is an Indian internet and also e-commerce conglomerate involved in digital payments, the online retailing, e-commerce software, and internet services as well.