Infibeam Incorporation Limited (BSE:539807) announced a private placement of fully convertible warrants for the gross proceeds of INR 400 million on February 14, 2018. The transaction will include participation from TV18 Broadcast Limited (BSE:532800).The company will issue securities through preferential allotment method. The warrants issued will be convertible into equivalent number of equity shares to be issued at a conversion price of INR 186.91 per equity share.
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- Infibeam Incorporation Limited announced that it expects to receive INR 400 million in funding from TV18 Broadcast Limited