India's Infibeam Avenues surges 9% on proposed bonus share issue

Avenuesai

18/01/2022 04:24

** Software developer's shares  IFIB.NS  rise as much 8.6%
to 44.35 rupees, biggest intraday pct gain since Oct. 12
    ** Company said on Monday it will consider a proposal for
issue of bonus shares at its board meeting on Jan. 31
 urn:newsml:reuters.com:*:nFWN2TX0MI
    ** Company did not disclose the size of the bonus issue
    ** About 6.2 mln shares change hands vs 30-day avg of 3.3
mln
    ** IFIB shares fell 6% in 2021 after gaining 57.2% in 2020

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))