Infibeam Avenues Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/06/2025 ,inter alia, to consider and approve - Intimation for the Rights ....
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Infibeam Avenues Limited has informed the stock exchanges that a meeting of the Rights Issue Committee will be held on June 19, 2025. The committee will consider and approve key terms of the proposed Rights Issue, including the issue price, record date, and entitlement ratio. The company has not disclosed any specific details about the size, price, or ratio of the rights issue in this filing. Investors will need to wait for the post-meeting outcome to know the actual terms.
This is a preliminary announcement ahead of a rights issue. Shareholders should watch for the outcome on June 19, as details on price, ratio, and record date will then be disclosed. A rights issue can dilute existing holdings if not fully subscribed, but may also raise capital for growth if priced attractively.