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:

1. The sale and transfer of Infibeam Avenues' Platform Business Undertaking to Rediff.com India Limited through a slump sale.
2. 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:

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.

Infibeam Avenues , a leading fintech company, has reported a robust financial performance for the quarter, marking significant growth across key metrics. The company also announced a strategic move to transfer its e-commerce platform infrastructure business to Rediff.com, signaling a shift in its operational focus.

Strong Financial Performance

Infibeam Avenues delivered an impressive quarterly performance with gross revenue jumping 72% year-on-year to ₹1,280.00 crores. The company's net revenue grew by 31% to ₹152.00 crores, reflecting strong consumer engagement and deeper market penetration.

The company's profitability metrics also showed notable improvement:

Strategic Business Transfer

Infibeam Avenues announced the transfer of its e-commerce platform infrastructure business to Rediff.com for ₹800.00 crores. The deal structure includes:

• Half of the consideration (₹400.00 crores) will be received as an additional 28% stake in Rediff
• Infibeam will retain more than 80% equity control of Rediff post-transaction

This strategic decision allows Infibeam to focus on its core strengths:

1. CCAvenue payments
2. Phronetic.AI (artificial intelligence arm)

Meanwhile, Rediff will handle e-commerce enterprise SaaS and productivity platforms.

Rediff's Growth Trajectory

Following the integration of Infibeam's e-commerce platform, Rediff is expected to:

• Reach a run rate of ₹300.00 crores immediately post-integration
• Target an ambitious ₹1,000.00 crores run rate within 12 months

International Expansion

Infibeam Avenues reported significant progress in its international operations:

• International TPV (Total Payment Volume) crossed AED 12 billion
• Expansion in UAE, Saudi Arabia, and Oman markets
• Less than 10% of overall revenue currently comes from international operations, indicating substantial growth potential

AI and Technology Initiatives

The company's AI arm, Phronetic.AI, is showing promising results:

• Generating over $1 million annually through various AI models
• Focus on video LLM models, reasoning models, and agentic developer platforms

Future Outlook

Infibeam Avenues provided guidance for the fiscal year 2026:

The company plans to invest significantly in branding and marketing activities for Rediff, particularly for the launch of RediffPay, a consumer-focused UPI app.

Conclusion

Infibeam Avenues' strong quarterly performance and strategic moves position the company for continued growth in the fintech and e-commerce sectors. The focus on AI, international expansion, and platform convergence demonstrates the company's commitment to innovation and long-term value creation in the rapidly evolving digital landscape.