Infibeam Avenues Limited's Rights Issue Committee approved the terms for a Rights Issue on June 19, 2025.
The company will issue 69,99,85,723 partly paid-up Equity Shares, each with a face value of ₹1.
The issue price is ₹10 per Equity Share, which includes a premium of ₹9 per share.
The payment schedule is ₹5 per share payable on application (₹0.50 face value, ₹4.50 premium) and the remaining ₹5 per share on final call.
The total issue size is ₹6,99,98,57,230 (Rupees Six Hundred Ninety-Nine Crores Ninety Eight Lakhs Fifty Seven Thousand Two Hundred Thirty Only), assuming full subscription.
The Record Date for determining eligible shareholders is June 26, 2025.
The Rights Entitlement Ratio is 67 Rights Equity Shares for every 267 fully paid-up Equity Shares held as on the record date.
The Rights Issue will open on July 03, 2025, and close on July 11, 2025.
The last date for on-market renunciation of Rights Entitlements is July 07, 2025, and for off-market renunciation is July 10, 2025.
Prior to the Rights Issue, there were 2,78,94,95,346 outstanding Equity Shares, which are projected to increase to 3,48,94,81,069 post-issue, assuming full subscription.