Infibeam Avenues Completes Sale of Platform Business to Rediff, Boosts Stake to 82.66%
Infibeam Avenues has finalized the sale of its Platform Business Undertaking to Rediff.com India Limited, increasing its shareholding in Rediff to 82.66%. The transaction, approved on August 8, 2025, involved a slump sale and further investment in Rediff's equity shares. As a result, Infibeam Projects Management Private Limited (IPMPL) is now a wholly-owned subsidiary of Rediff and a step-down subsidiary of Infibeam Avenues. The divested IPMPL had a turnover of Rs. 117.45 Mn and net worth of Rs. 1,217.94 Mn in FY 2024-25. The transaction, completed on September 30, 2025, complies with regulatory requirements and is considered a related party transaction at arm's length.

*this image is generated using AI for illustrative purposes only.
Infibeam Avenues Limited , a leading fintech solutions provider, has announced the completion of a significant transaction involving the sale of its Platform Business Undertaking to Rediff.com India Limited. This strategic move has resulted in Infibeam Avenues increasing its shareholding in Rediff to 82.66%, marking a substantial expansion of its stake in the prominent Indian internet company.
Transaction Details
The transaction, which was initially disclosed following a board meeting on August 8, 2025, involved two key components:
- The sale and transfer of Infibeam Avenues' Platform Business Undertaking to Rediff.com India Limited through a slump sale.
- Further investment by Infibeam Avenues in the equity shares of Rediff, aligning with the objectives outlined in the company's Rights Issue Letter of Offer.
Impact on Subsidiary Ownership
As part of the slump sale, Infibeam Avenues' investments in Infibeam Projects Management Private Limited (IPMPL) have been transferred to Rediff.com India Limited. Consequently, IPMPL is now a wholly-owned subsidiary of Rediff and a step-down subsidiary of Infibeam Avenues.
Financial Implications
The LODR data provides insights into the financial aspects of the divested entity:
Particulars | Amount | Percentage |
---|---|---|
Turnover of IPMPL (FY 2024-25) | Rs. 117.45 Mn | 0.29% |
Net worth of IPMPL (FY 2024-25) | Rs. 1,217.94 Mn | 3.17% |
Transaction Timeline
- Agreement for sale entered into: August 11, 2025
- Shareholder approval obtained: September 29, 2025
- Transaction completed: September 30, 2025
About Rediff.com India Limited
Rediff.com India Limited is described as a leading Indian internet company offering a wide range of products and services, including:
- Enterprise Email & Collaboration Suite Platform
- Payment services
- News & Content services
These offerings cater to small & medium businesses, large corporates, and individual consumers.
Regulatory Compliance
The transaction has been executed in compliance with the necessary regulatory requirements:
- It falls under the category of a related party transaction and has been conducted at arm's length.
- The sale is part of a slump sale arrangement, which received shareholder approval on September 29, 2025.
- The company has made the required disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This strategic move by Infibeam Avenues to divest its Platform Business while significantly increasing its stake in Rediff.com India Limited represents a notable shift in the company's business focus and investment strategy. The transaction is expected to have implications for both companies' market positions in the Indian digital and fintech landscapes.
Historical Stock Returns for Infibeam Avenues - PP
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.43% | -4.51% | +3.54% | +6.30% | +6.30% | +6.30% |