Infibeam to sell ecommerce unit to Rediff for Rs 800 crore – The Economic Times

The board of Infibeam Avenues has permitted the sale of its ecommerce enterprise to Rediff.com for Rs 800.39 crore on a stoop sale foundation, in response to an alternate submitting on Friday. Of this, Rs 400 crore will likely be paid in money, and the remaining Rs 400.39 crore by means of recent subject of fairness shares.

The deal will permit each corporations to give attention to their core companies whereas unlocking worth for shareholders and the broader ecosystem, stated Vishal Mehta, chairman and managing director, Infibeam Avenues.

Infibeam stated it can double down on digital payments and AI innovation by means of its subsidiaries, CCAvenue and Phronetic.AI, respectively.

In the meantime, Rediff will run the ecommerce infrastructure platform as a part of the upcoming RediffOne enterprise suite and standalone Rediff Ecommerce. The web firm can even give attention to increasing its enterprise-grade electronic mail, Rediffmail, together with digital funds platform RediffPay and Rediff News platform.

Within the monetary yr 2025, CCAvenue clocked a income of Rs 3,546 crore, with earnings earlier than curiosity, taxation, depreciation and amortisation (Ebitda) of Rs 111 crore. The ecommerce platform expertise infrastructure enterprise raked in Rs 180 crore in operational income and Rs 137 crore of Ebitda.

Below the deal, key belongings, liabilities, mental properties, expertise, and buyer contracts associated to the platform enterprise will likely be transferred to Rediff.com India Ltd. Infibeam will retain strategic oversight by means of its elevated shareholding.

Rediff is exploring methods to boost extra capital, together with a possible intial public providing, Infibeam stated within the submitting.