Infibeam Avenues Limited — Important, 06-03-2025: Updates

Vavian International Limited, a wholly-owned subsidiary of Infibeam Avenues Limited, has acquired an 80% stake in a newly established company, Infibeam Avenues ME SPV Limited, located in Abu Dhabi, for a total consideration of USD 80 million. As a result, this new entity will become a subsidiary of Vavian International Limited and a step-down subsidiary of Infibeam Avenues Limited. Additionally, Vavian has approved transferring its 80% stake in Avenues World FZ-LLC to Infibeam Avenues ME SPV Limited for the same amount, thereby aligning its shareholding. These transactions are expected to close within 90 days, pending local regulatory approvals. This move is strategic, potentially enhancing the company's operational footprint in the UAE market. Investors should watch closely for developments, as this could signal growth opportunities in the region.