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Infibeam gets shareholders approval to enter into payments bank biz

The board has also approved the divesting of 85,000 equity shares in Fable Fintech Private Limited.

Infibeam has received shareholders nod to expand its business in IT segment, set up a payments bank and raise Rs.2,000 crore.

The shareholders of the company has also given approval to change its name from Infibeam Incorporation Limited to Infibeam Avenues Limited. Further, the company has also seeked approval to explore business opportunity in manufacturing of IT hardware.

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