Infibeam gets RBI nod for FII investment up to 49 percent

While online marketplace Infibeam has received a green signal from RBI for FII investment of up to 49 percent, market regulator Sebi has sought clarification from the merchant banker of the firm regarding its proposed IPO. Infibeam filed a draft red herring prospectus with the BSE and the NSE in June to raise Rs 450 crores.