Infibeam Avenues Limited (BSE:539807) agreed to acquire additional 16.66% stake in Avenues Payments India Pvt. Ltd. for INR 10.5 million on May 27, 2021. As on March 31, 2021, Avenues Payments India Pvt.

Ltd. generated revenues of INR 85.8 million. The transaction is approved by Infibeam Avenues Limited's Board and is expected to complete within 45 days.