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Infibeam Avenues trades ex-date due to a spin-off, offering shareholders 1 Odigma Consultancy share for every 89 shares held. The move is expected to impact on Infibeam’s share price as markets react to this change.
Infibeam Avenues is trading ex-date today due to its recent spin-off announcement. Shareholders are set to receive 1 equity share of Odigma Consultancy Solutions for every 89 shares held in Infibeam Avenues. These new shares will be fully paid up and credited directly to shareholders' accounts.
This spin-off is a strategic move aimed at unlocking value for shareholders by creating a separate entity, Odigma Consultancy Solutions. As of 11 September 10:30 am, the share price of Infibeam Avenues is ₹29.38 as the market reacts to this news and evaluates the potential impact on both companies. While Infibeam Avenues retains its core business operations, the creation of Odigma Consultancy Solutions as a separate entity could attract new investors and help in realizing its independent business objectives.
For existing shareholders, this spin-off provides them with an additional asset—shares in Odigma—which could diversify their portfolio. The share price of Infibeam Avenues could adjust because of the spin-off and market sentiment, depending on how investors value the future potential of both Infibeam Avenues and Odigma Consultancy Solutions.
Overall, this development is seen as part of Infibeam Avenues' strategy to enhance shareholder value by creating a new business entity and unlocking growth opportunities for both companies.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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