Infibeam Avenues Limited agreed to Spin-Off 69.44% stake in Odigma Consultancy Solutions Private Limited on August 8, 2023. Infibeam Avenues Limited will transfer and vest its Global Top Level Domain in Odigma, As per the terms, each shareholder of Infibeam Avenues Limited will receive 1 share of odgima for every 89 shares they held in the company. Upon completion, the promoters and promoters group will hold 30.56% stake in Odigma.

The turnover of the demerged division for the financial year ended March 31, 2023, was INR 19.469 million. The Scheme is subject to the receipt of requisite approvals from the Securities and Exchange Board of India (?SEBI?), National Company Law Tribunal (?NCLT?), BSE Limited (?BSE?), National Stock Exchange of India Limited (?NSE?) and other statutory and regulatory authorities, and the respective shareholders and creditors, under applicable law. The board has approved the transaction.