Infibeam Picks Up Majority Stake In Rediff.com

SUMMARY

Infibeam Avenues plans to acquire a 54.1% stake in digital content and ecommerce marketplace Rediff.com for INR 25 Cr

The majority stake acquisition in Rediff.com marks Infibeam’s foray into the consumer facing digital financial services industry as an aggregator

As of March 31, 2024, Rediff.com had an annual turnover of INR 36.07 Cr

Payments infrastructure company Infibeam Avenues has signed an agreement to acquire a 54.1% stake in digital content and ecommerce marketplace Rediff.com for INR 25 Cr.

“Infibeam Avenues Ltd has entered into a definitive agreement for a 54% stake in Rediff.com India Ltd,” the company said in an exchange filing on August 2 (Friday).

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