Infibeam Avenues Limited has informed the Exchange about General Updates
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Infibeam Avenues' Board, at its May 9, 2025 meeting, approved raising up to Rs. 700 Crores through a Rights Issue of equity shares with a face value of Re. 1 each. A Rights Issue Committee has been set up to decide key terms such as issue price, entitlement ratio, record date, and payment schedule, which will be notified later. The Board also approved amendments to the company's Insider Trading Code and Fair Disclosure Code, effective June 10, 2025. Additionally, the registered office PIN code has been updated from 382355 to 382050 due to a Postal Department revision.
The Rights Issue of up to Rs. 700 Crores could dilute existing shareholders depending on the issue price and entitlement ratio, but also strengthens the company's capital base. The exact terms and record date are yet to be decided, so shareholders should await further details before assessing dilution impact.