Everything you need to know about Infibeam Avenues demerger

Infibeam Avenues Ltd. (INFIBEAM) has announced the demerger of its digital marketing arm, Odigma Consultancy Solutions Limited into a separate entity. Shareholders of Infibeam Avenues will get one share of Odigma Consultancy Solutions for every 89 shares held in Infibeam Avenues.

The company has fixed September 11, 2024, as the record date to determine the eligible shareholders. You can check the announcement here.

You will be eligible for the scheme of demerger if you have bought the shares of INFIBEAM on or before September 10, 2024.


When will I receive shares of Odigma Consultancy Solutions?

The credit of shares can take between 30 - 45 days from the record date. You’ll receive an email from CDSL once the shares are credited to the demat account. The shares of Odigma Consultancy Solutions will start trading on the exchanges once the shares are credited and the company gets the necessary approvals from the exchanges.

What will be the average price of Infibeam shares I hold and the shares I receive of Odigma Consultancy Solutions?

The average price is updated according to the Cost of Acquisition released by the company. This is usually released after the record date. We’ll update the post once we have an update on this.

What if I hold less than 89 shares?

In case you hold less than 89 shares of Infibeam Avenues, this will result in fractional entitlement and the amount equivalent to your fractional entitlement will be credited to your primary bank account after the shares of Odigma Consultancy Solutions are listed on the exchanges.

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What will happen to infibeam share price

It will continue to Trade as Normal

What will be the price of the newly gained shares? Will it be Rupees 1 or something else🤔

I see a credit of 90 shares from CDSL today, the date of credit seem to be yesterday.

ODIGMA CONSULTANCY SOLUTIONS LTD#NEW EQUITY SHARES WITH FACE VALUE RE.1/- AFTER SUB-DIVISION INE054301028 90.000 - I have 8075 shares of INFIBEAM

When I googled this ISIN, there is not much info. Experts can opine.

Mere paas 1 sal se 3000 infibeam ke shares hai, demarger ke baad muje aajtak koi share odigma ka nahi mila, pls. Koi muje bataye ke muje kab milega…

The shares have been credited to demat accounts of eligible shareholders, however, since these are not yet listed on the exchanges, you will not be able to see them in your Kite holdings. If you have not received the credit itself, you can reach out to the RTA of the company. You can find contact details here.