Outcome of Rights Issue Committee Meeting
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Infibeam Avenues Limited's Rights Issue Committee met on June 9, 2025, and approved the Draft Letter of Offer for a proposed Rights Issue. The draft will now be filed with BSE and NSE to seek their in-principle approvals. The announcement follows an earlier communication dated May 9, 2025, indicating the rights issue plan was already in motion. No details on issue size, ratio, price, or record date have been disclosed in this filing. The company has also made these details available on its website at www.ia.ooo.
A rights issue gives existing shareholders the right to buy additional shares, usually at a discount. If approved, it will raise capital for the company but may dilute shareholdings of those who do not participate. Investors should watch for the Draft Letter of Offer for key terms like issue price, ratio, and record date.