Infibeam Avenues Limited (BSE:539807) agreed to acquire 49.5% stake in So Hum Bharat Digital Payments Private Limited for INR 4.5 million on January 23, 2024. The consideration consists of INR 4.50 million in cash. As part of the consideration, INR 4.50 million was paid towards common equity.

Prior to the transaction, Infibeam Avenues Limited (BSE:539807) held 50.5%. The board of Directors of Infibeam Avenues Ltd has approved to acquire 49.50%.