/ Infibeam Announces Stock Split ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 14 July 2017

Infibeam Corporation on Thursday's post market hours announced that the company's board has considered and approved subdivision of one equity shares of Rs 10 each into 10 equity shares of Re 1 each.

To improve the liquidity of equity shares with higher floating stocks and to make them more affordable to the investors the company has decided to subdivide the stock.

Infibeam in its regulatory filing also added that the board has approved the scheme of amalgamation of Avenues (India) with the company.

Infibeam Incorporation Limited is engaged in providing software development services, maintenance, Web development, e-commerce and other ancillary services. The company's segments include sales of products, and sales of software and ecommerce related ancillary services.

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