Novus Loyalty to Acquire Stake in AutoPe Payment Solutions

Novus Loyalty Ltd has entered into a term sheet to acquire a stake in AutoPe Payment Solutions Limited, a fintech payment solutions provider. The acquisition is subject to due diligence and definitive agreements. The proposed deal values AutoPe at ₹130 crore on a fully diluted basis, with Novus Loyalty acquiring approximately 80.87% stake for around ₹105.13 crore. This move aims to support strategic growth, business expansion, and operational synergies for Novus Loyalty. The transaction is not a related party transaction and is proposed to be at arm's length. Completion of the first tranche is targeted within approximately 10 months.