The Composite Scheme of Arrangement will assist Infibeam Avenues to unlock value for its shareholders. Subject to regulatory approvals, Suvidhaa and DRC to get listed on the stock exchanges i.e. BSE and NSE. IAL will continue to focus on the high growth, highly scalable and profitable fintech business of Digital Payments and Enterprise Software Platforms.
Under the Scheme, all Infibeam Avenues shareholders as on the record date will be allocated additional shares of Suvidhaa Infoserve and DRC Systems India without any additional cost under this Scheme of Arrangement in the following swap ratio -
- Suvidhaa will issue 197 equity shares for every 1500 equity shares to the shareholders of Infibeam Avenues. - DRC will issue 1 equity share for every 412 equity shares to the shareholders of Infibeam Avenues.
