ICICI Bank to acquire 8.85% of Avenues Payment for ₹10 crore

ICICI Bank on Friday said that it will acquire 8.85% stake in Avenues Payment India for ₹10 crore in cash. Avenues Payment provides a global remittance platform catering to both business-to-consumer (B2C) and business-to-business (B2B) market segments. Started in 2012, the firm had a turnover of ₹1.2 crore in FY18 and is present in India, UK and Australia