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.
