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Infibeam Avenues shares hit 5% upper circuit on pact with Jio Platforms

The company has entered into a definitive agreement with Jio Platforms and its affiliates to license, customise, maintain and access enterprise e-commerce software and payments platform.

Stock markets, Shares
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In the past six months, the stock has outperformed the market by surging 103 per cent as compared to a 42 per cent rise in the S&P BSE Sensex.

SI Reporter Mumbai
Shares of Infibeam Avenues were locked in the upper circuit limit of 5 per cent at Rs 82.55 on the BSE on Tuesday after the company entered into a definitive agreement with Jio Platforms and its affiliates. The stock of the leading global financial technology (Fintech) solutions provider was trading close to its 52-week high level of Rs 84, touched on September 16, 2020.

“The Company has entered into a definitive agreement with Jio Platforms and its affiliates ("JPL"), to license, customise, maintain and access our enterprise e-commerce software and payments platform for their business use,” Infibeam Avenues said in an