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Will look into m-cap rout, Infibeam assures shareholders in AGM

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

Vishal Mehta, Managing Director, Infibeam
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Vishal Mehta, Managing Director, Infibeam

Vinay Umarji Ahmedabad
Infibeam Avenues on Saturday assured shareholders that the firm was looking into Friday’s 70 per cent erosion in share prices, at the company’s annual general meeting (AGM) here.
 
Infibeam Managing Director Vishal Mehta made the statement at the beginning of his presentation. The topic did not come up for discussion later. Instead, the AGM stuck to its agenda on regular matters of appointments and reappointments of directors, apart from seeking approval for raising the authorised capital to Rs 900 million from Rs 680 million. 
 
According to people who attended the AGM, shareholders, too, refrained from raising questions over