By Admin 
On Monday, the stock of Infibeam Avenues saw a tremendous rise. After the company shared an important information related to the rights issue, the share price recorded a jump of 5.13 per cent and it reached Rs 22.95 per share.
There will be a big failure on June 19
The company said that its Rights Issue Committee will meet on 19 June 2025. In this meeting, many important things related to the rights issue will be decided, such as record date, share price, entitlement ratio and other conditions. The company said in a regulatory filing, “In this meeting to be held on June 19, the price, record date, entitlement ratio and other related topics will be discussed.”
Important decisions have been taken earlier also
Earlier on 9 June 2025, the Draft Letter of Offer was approved by the company’s rights issue committee, which was sent for approval in BSE and NSE. At the same time, on 9 May 2025, the board of directors of the company approved the proposal to raise Rs 700 crore through equity shares with face value of Rs 1. This amount is to be raised through rights issue.
Mixed journey
In recent times, the performance of Infibeam Avenues has been quite fluctuating. The stock has risen 20 percent in 1 month. At the same time, there has been a 26 percent increase in 3 months. However, since the beginning of the year, it has fallen by 13 percent. In the last one year, this stock has lost about 27 percent. But the performance in the long term has been better, the stock has given 55 percent returns in 2 years and 85 percent in 5 years.
Investors are sitting on their eyes
By 3:05 pm on Monday, the share of Infibeam Avenues was trading at Rs 22.60 with a rise of 3.53 per cent. Now everyone’s eyes are fixed on the meeting of June 19, where it will be decided what the investors are going to get in this rights issue. If the conditions are attractive, then the stock can be seen further in the coming days.
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