To invest Rs 3 crore
The Board of Directors of Infibeam Incorporation has approved to make investment in preference shares along with Avenues (India) (CC Avenues) into Avenues Payments India as an Anchor Investment.As part of the investment transaction, Infibeam and CC Avenue will invest Rs 3 crore in RemitGuru wherein Infibeam will invest Rs 2 crore. Prior to this investment, CC Avenue already holds 26.76% equity stake in this company.
RemitGuru is a digital cross border money remittance solution with a secured, scalable and configurable platform.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
