New Delhi, March 31 -- Penny stock AvenuesAI shares are expected to hog the limelight in trade on Wednesday, April 1, when the Indian indices would reopen for trading after a one-day holiday due to Mahavir Jayanti.

The company announced several updates pertaining to its subsidiaries, which are likely to drive investor interest in the counter. AvenuesAI, formerly known as Infibeam Avenues, is a penny stock with a market capitalisation of Rs.4,650 crore as of the last close.

In an exchange filing today, March 31, AvenuesAI said that its subsidiary Rediff.com has filed a pre-filed draft red herring prospectus (pre-DRHP) with the Securities and Exchange Board of India (Sebi) to list the company's shares on the mainboard of the BSE and the N...