Infibeam Incorporation Ltd has informed BSE that the Board of Directors at its meeting held on February 13, 2017, has approved the entering into of a Memorandum of Understanding ('MoU') with Avenues (India) Private Limited ('CC Avenue'), one of the largest payment aggregator in India, providing for: (i) Subsequently, merge CC Avenue with the Company. The transaction is subject to due diligence, definitive documentation and requisite regulatory approvals. Outcome of Board Meeting held on July 13, 2017. Intimation - Acquisition through Scheme of Amalgamation under Regulation 30 of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated On 13/07/2017) Updates (As Per BSE Announcement Dated on 01.09.2017) Update on Scheme of Amalgamation - Receipt of Final Order from Hon'ble NCLT, Ahmedabad Bench (As Per BSE Announcement Dated On 09/05/2018) Allotment of Equity Shares pursuant to the Scheme of Amalgamation as approved by Hon''ble NCLT, Ahmedabad Bench (As Per BSE Announcement Dated On 30/05/2018)