Novus Loyalty Acquires 54.87% Stake in AutoPe Payment Solutions

Novus Loyalty Ltd has executed definitive Share Purchase Agreements to acquire an aggregate of 54.873% of the equity share capital of AutoPe Payment Solutions Limited. This acquisition, valued entirely in cash and paid in two equal installments per agreement, supports Novus Loyalty's strategic entry into the digital payments sector. The deal does not involve related parties and is conducted at arm's length. AutoPe operates in the fintech payment solutions industry in India. This move is expected to strengthen Novus Loyalty's overall business profile.