Infibeam Avenues Ltd board recommends 1:1 bonus issue

The Board of Directors of Infibeam Avenues Ltd in its meeting held today, has considered and approved issue of 1 Bonus Share for every 1 Equity Share held (in the ratio of 1:1) by the Equity Shareholders of the Company as on "Record Date". The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company will intimate the "Record Date" for determining eligible Shareholders entitled to receive Bonus Shares, in due course.

The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and either corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares.

Shares of Infibeam Avenues Limited was last trading in BSE at Rs. 46.45 as compared to the previous close of Rs. 45.75. The total number of shares traded during the day was 902844 in over 3802 trades.

The stock hit an intraday high of Rs. 47.60 and intraday low of 45.05. The net turnover during the day was Rs. 41907604.00.

Source : Equity Bulls

Keywords

InfibeamAvenues INE483S01020 BonusIssue