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Infibeam set to merge payment gateway firm CCAvenue with itself

Tuesday, February 14, 2017 | More »

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Infibeam Incorporation Ltd has entered into a pact to merge CCAvenue with itself in a deal that is expected to value the payment gateway firm at Rs 2,000 crore ($298 million). The e-commerce company, which already owns 3.85% in Avenues India Pvt. Ltd-run CCAvenue through subsidiary NSI Infinium Glob...

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Payment gateway CCAvenue to raise $8.9 mn from Infibeam

E-commerce firm Infibeam Incorporation Ltd has decided to invest Rs 60 crore (around $8.9 million) in Avenues India Pvt Ltd that operates payment gateway CCAvenue. Infibeam’s wholly owned subsidiary NSI Infinium Global Pvt. Ltd has signed a definitive agreement with Avenues India for the investmen...

22 June, 2016 | More »

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Infibeam to invest up to $6.7 mn in CCAvenue

E-commerce firm Infibeam Incorporation Ltd said on Monday it will invest up to Rs 45 crore ($6.7 million) in the company that operates the payment gateway CCAvenue. Infibeam’s wholly owned subsidiary NSI Infinium Global Pvt. Ltd has signed a term sheet with Avenues (India) Pvt Ltd for the investme...

30 May, 2016 | More »