Trading in AvenuesAI Ltd. (formerly Infibeam Avenues Ltd.) equity shares has been suspended from October 13, 2026, as the company undergoes a 1:10 share consolidation. This procedural action, announced by the NSE, means the stock will trade ex-consolidation from the effective date, impacting more than 7.21 lakh investors.
Understanding Share Consolidation
Stock consolidation, also known as a reverse stock split, is a corporate action where a company reduces the total number of its outstanding shares. This is achieved by combining multiple existing shares into fewer, new shares. Simultaneously, the face value and market price of each share are proportionally increased. For AvenuesAI, eligible shareholders will receive one new equity share with a face value of Rs 10 for every ten existing shares of Re 1 each they held as of the record date.
Impact on Investors and Stock Performance
The suspension directly affects a significant portion of AvenuesAI's shareholder base. According to the company's shareholding pattern as of June 30, 2026, over 7.21 lakh investors collectively own 72.27 percent of the company's equity shares. Promoters and promoter group entities hold 27.29 percent.
Ahead of the suspension, AvenuesAI shares experienced a notable decline. On Monday, the stock settled nearly 7.4 percent lower at Rs 13.81, valuing the company at just over Rs 4,800 crore. The shares have seen a substantial drop of nearly 30 percent from their 52-week high of Rs 19.43. Year-to-date in 2026, the stock has tumbled 22 percent, with an 11 percent decrease recorded in the last month alone.