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Infibeam Avenues receives Expression of interest to form JV for Qatar region

31 Jan 2022 Evaluate

Infibeam Avenues has received Expression of interest (EOI) from Royal family of Qatar, to form a Joint Venture (JV) for Qatar region, to accelerate fast growing Payment's business, together with the primary equity investment in the said JV, by them. The Board discussed the EOI and the in-principle commitment through EOI and decided to initiate steps to consummate the investment transaction, as per regulatory provisions, to grow the Payments business in Qatar region.

Infibeam Avenues is engaged in providing online retail services.

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