Infibeam Avenues gets NCLT nod for demerger of various businesses
Sun, Nov 29, 2020 5:14 AM

Infibeam Avenues gets NCLT nod for demerger of various businesses

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Fintech firm Infibeam Avenues Ltd on Saturday said it has received approval from the National Company Law Tribunal, Ahmedabad, for demerger of its various entities. IAL had sought to demerge its SME E-commerce as well as the E-commerce marketplace businesses to Suvidhaa, while theme park and event business will be demerged and vested to DRC Systems.

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