Suvidhaa Infoserve To Directly List In Six Months

Suvidhaa Infoserve To Directly List In Six Months

Suvidhaa Infoserve To Directly List In Six Months

Shapoorji Pallonji Group is a conglomerate company in India. The Fintech firm player Suvidhaa Infoserve to directly list on the stock exchange market in the next six months. 

On Thursday, e-commerce conglomerate Infibeam Avenues demerged Suvidhaa and DRC systems unlocked its shareholder’s value.

According to the reports, the company will continue to hold a 5 percent stake in Suvidhaa. It also holds 25 percent of stake in DRC systems. It will happen even after the moving and listing. As of result, the majority of stake in both Suvidhaa and DRC systems will own by the public shareholders of the Infibeam and Infibeam Avenues group as well.

In 2016, It was coming up with an IPO to raise about Rs 450 crore. The main aim of this IPO is to make it is India’s first e-commerce entity to get listed in the Indian stock exchange market. Recently, it made some changes in its business towards fintech and data storage. In the last year, Suvidhaa picked up over 6 percent of stake in NSI Infibeam Global. This 6 percent of stake is related to a wholly-owned subsidiary company of Infibeam Avenues which is for Rs 25 crore at a valuation of Rs 500 crore.

Suvidhaa Infoserve To Directly List In Six Months

On 12th September, the Infibeam Avenues Group decided to move its small and medium enterprises’ e-commerce services into Suvidhaa. It will demerge its SME e-commerce services along with another entity of DRC systems.

As of result, Suvidhaa will directly list on the stock exchange platforms NSE and BSE. As of result, the Infibeam Avenues shareholders who have 1500 shares of the company will get 197 shares from Suvidhaa.

Managing director of Infibeam said that moving their SME serves into Suvidhaa will clear the value of their business. Moreover, it also affects each business will able to pivot on its growth.

According to the reports, after the separation of its SME services, it will pivot on fintech, data business, and enterprise technology platforms. Meanwhile, Suvidhaa focused on Small and medium enterprise e-Commerce services and omnichannel e-marketplace.

Along with this, Infibeam decided to move its theme park and event software business into DRC systems. As of result, it will also directly list on stock exchange platforms. Like Suvidhaa, Infibeam Avenue shareholders get 1 share of DRC System for every 412 shares of Infibeam Avenue.

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