Infibeam Trades In Green, To Consider Stock Split

Infibeam Incorporation Ltd in its filing to BSE on Monday said that its board of directors have approved the sub division/ split of equity shares of the company.

The board also approved Infibeam Stock Appreciation Rights Scheme 2017 through Trust route for the employees of the Company and its subsidiaries; and authorisation to the said trust to acquire shares of the company from the secondary market, subject to requisite approvals and provisions of the applicable laws, rules and regulations.

Meanwhile, the stock is trading in positive territory at Rs 1,041.75 per share on BSE.

On NSE, the stock attracted a traded volume of 2,14,456 shares and a traded value of Rs 2,242.52 lakh on Tuesday’s trade.

On yearly basis, the stock has given 46.37% returns and has outperformed BSE Mid-cap index.

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