Infibeam Avenues Limited has informed the Exchange about General Updates
CCAVENUE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.8 pts more than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.