Hi Kapil,
As per disclosure made by the Infibeam Avenues, its subsidiary Infibeam Projects Management Pvt Ltd is enaged in the business of providing software and pre-built infrastructure, tools and resources to fintech startups (refer attached). So, it is not strictly engaged in pure real estate operations. Let us wait for the next concall and get more clarity directly from the management in this regard.
IPMPL.pdf (300.0 KB)
Thanks,
Souvik
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