Infibeam Avenues Limited has informed the Exchange about Copy of Newspaper Publication for Rights Issue of the Company
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Infibeam Avenues Limited has published newspaper advertisements for its Rights Issue, which was already announced earlier. The company is offering up to 69,99,85,723 partly paid-up equity shares of Re. 1 face value at Rs. 10 per share (including Rs. 9 premium), aiming to raise up to Rs. 69,998.57 Lakhs (around Rs. 700 crore). The ratio is 67 Rights Shares for every 267 fully paid-up shares held as on the record date of June 26, 2025. Payment is split: Rs. 5 on application and Rs. 5 on a later call. The issue opens on July 3, 2025 and closes on July 11, 2025, with the last date for on-market renunciation being July 7, 2025. Promoters are Vishal Mehta, Ajit Mehta, and Jayshreeben Mehta. Ads appeared in Financial Express (English & Gujarati) and Jansatta (Hindi) on June 30, 2025, as required by SEBI ICDR rules.
Existing shareholders must decide by July 11, 2025 whether to subscribe to their entitlement, renounce/sell it, or let it lapse. The partly paid-up structure means only half the money (Rs. 5 per share) is needed upfront. The issue will dilute shareholding if not fully subscribed, and stock price may trade ex-rights around the record date.