M&A
Infibeam to sell stake in cross-border remittances enabler Fable Fintech for Rs.15-Cr
Ahmedabad-based, listed fintech firm Infibeam Avenues is to sell its 85,000 equity shares held in Mumbai-headquartered cross-border remittance startup, Fable Fintech , to an individual INR 15.30 crore.From the Deal Digest Archive ( August 9, 2023): Infibeam had increased its stake in Fable Fintech by 25% for INR 3.2 crore in cash, with an additional INR 1.4 crore committed to be invested via compulsorily convertible debentures (CCD) issued by the company. The deal was to take Infibeam’s stake in Fable to 41%.
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