Infibeam Avenues’ board has approved the acquisition of 100% shareholding of UVIK Technologies from its existing Shareholders. Consequent to acquisition of the entire share capital, UVIK Technologies will become the Wholly Owned Subsidiary of the company. The aggregate cost of acquisition is not exceeding Rs 75 crore.
With this association, the company looks forward to seamlessly integrating its existing online payment solution along with the offline capabilities of UVIK Technologies to empower merchants and their customers, across various geographies, with a simple and complete digital payment solution platform. The completion of the acquisition is subject to customary conditions such as receipt of all regulatory and other approvals, if any
Infibeam Avenues is engaged in providing online retail services.
