In 2018, Infibeam Avenues Ltd. acquired UAE-based Vavian International Ltd., an online digital payment processing company, for AED 4.32 million. And since 2020, Avenues World FZ LLC, based in the UAE, has operated as a subsidiary of Vavian International Ltd.source https://economictimes.indiatimes.com/industry/banking/finance/infibeam-looks-to-raise-up-to-50-million-by-listing-uae-step-down-arm/articleshow/100337977.cms
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