Description

BSE permits trading in 680.6 million new equity shares of Infibeam Avenues Ltd. resulting from conversion of partly paid shares to fully paid shares, effective December 29, 2025.

Summary

BSE has approved the listing of 68,06,08,792 (680.6 million) new equity shares of Infibeam Avenues Ltd. (Scrip Code: 539807). These shares arise from the conversion of partly paid shares to fully paid shares of Rs. 1/- each, issued on a rights basis. Trading members are permitted to trade these new securities starting Monday, December 29, 2025.

Key Points

  • Number of shares: 68,06,08,792 equity shares of Rs. 1/- each
  • Origin: Conversion of partly paid shares to fully paid shares
  • Issuance method: Rights basis
  • ISIN: INE483S01020
  • Distinctive numbers: 2789495347 to 3470116297
  • Status: Pari-passu with existing equity shares
  • Scrip Code: 539807

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members must update their systems to reflect the increased share capital of Infibeam Avenues Ltd.
  • Members should note the new distinctive number range for the converted shares
  • No special compliance actions required beyond normal trading procedures

Important Dates

  • Notice Date: December 26, 2025
  • Trading Commencement: December 29, 2025 (Monday)

Impact Assessment

Market Impact: The listing of 680.6 million new shares significantly increases the free float and tradable quantity of Infibeam Avenues stock. This represents a substantial dilution event, though existing shareholders who participated in the rights issue maintain their proportional ownership.

Liquidity Impact: Medium - The large number of newly listed shares may improve liquidity but could also create short-term selling pressure if rights issue subscribers choose to exit their positions.

Investor Consideration: These shares are pari-passu (rank equally) with existing equity shares, carrying the same rights and privileges. Investors should factor in the increased share count when evaluating market capitalization and per-share metrics.

Impact Justification

Large volume share listing (680.6M shares) from rights issue conversion may affect stock liquidity and float, but is a routine corporate action for existing shareholders.