Archive · 16 Jun 2025
Infibeam Avenues Shares Jump 5% After Rights Issue Update
Imagine a company, Infibeam Avenues, that wants to raise money.
They're doing this by offering new shares to current investors, a process called a rights issue.
On Monday, the company's stock price went up by 5% because of an update about this issue.
The company's committee in charge will meet in June 2025 to decide the details of the rights issue, such as the price of the new shares and who can buy them.
The company's board of directors had previously agreed to raise ₹700 crores through this rights issue.
Infibeam Avenues shares saw a 5% increase on Monday.
The rise followed an update regarding the company's rights issue.
The Rights Issue Committee will meet June 19, 2025.
The committee will finalize terms, including price and record date.
The board previously approved raising ₹700 crores through a rights issue.
- Who
- Infibeam Avenues
- What
- Infibeam Avenues' shares increased due to an update on its rights issue.
- When
- The share price jumped on Monday. The Rights Issue Committee will meet on June 19, 2025.
- Where
- BSE
- Why
- The increase was due to an update regarding the rights issue.
- Share Price Increase
- 5%
- Current Price
- ₹22.60 (at 3:05 PM)
- Rights Issue Committee Meeting Date
- June 19, 2025
- Funds to be Raised
- ₹700 crores
- 1-Month Share Price Change
- 20% Gain