niftify.in

The Economic Times

Infibeam Avenues shares slide 8% as stock turns ex-date for spin-off

Shares of Infibeam Avenue fell 8% to a day's low of Rs 27.93 on the BSE today, as the stock turned ex-date for its spin-off involving Infibeam Avenues, Odigma Consultancy Solutions, and Infibeam Projects Management. According to the scheme of arrangement, shareholders of Infibeam Avenue will receive 1 fully paid-up equity share (with a face value of Re 1) of Odigma Consultancy Solutions for every 89 equity shares they hold in Infibeam Avenue.

The Economic Times

Bidder raises concern over delays, transparency issues in IL&FS property auction

Nila Spaces has raised concerns over the transparency and delay in the auction process of IL&FS's commercial properties in GIFT City. Despite being the highest bidder, Nila Spaces' bid was rejected without explanation. IL&FS maintains that the process was fair and transparent, with Infibeam matching the highest bid.

CNBC TV18

Infibeam Avenues surges 5% after AI arm bags contracts worth $1 million per annum

Infibeam Avenues Share Price | The contracts, worth an estimated $1 million annually, will bring Phronetic.AI’s advanced Theia Vision AI technology to five prominent hospitals across India and a major UAE-based gas station chain, the company said in a stock exchange filing. The total tenue for each contract with  is five years, with the option to extend further, the company said.

Business Line

Infibeam’s AI arm secures $1M annual contracts with hospitals and gas stations

Infibeam Avenues’ shares trade 2.4% higher at ₹31.53 on BSE

Business Standard

Infibeam board OKs to acquire 26% stake in Infibeam Digital Ent

Infibeam Avenues jumped 2.98% to Rs 30.71 after the company's board approved to acquire remaining 26% stake in Infibeam Digital Entertainment.