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ICICI group firm picks up stake in e-commerce firm Infibeam for Rs 11 cr

1 lakh shares of the Ahmedabad-based firm were bought via open market transactions

Press Trust of India  |  New Delhi 

Stake sale
Representative Image

Securities Primary Dealership on Thursday bought 1 lakh of e-commerce firm Incorporation for over Rs 11 crore through open market transactions.

As per the block deal data available with BSE, the group firm purchased 1 lakh shares, or 0.18 per cent stake, in the Ahmedabad-based e-commerce company.

The were acquired at an average price of Rs 1,107.5, valuing the transaction at Rs 11.07 crore, as per the data.

The were sold by private equity player Next Orbit Ventures Fund.

Incorporation settled on the at Rs 1,124.90, up 1.98 per cent, from the previous close.

Last year, became the first e-commerce company to get listed on the Indian bourses.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 20:58 IST