Infibeam's board has approved the acquisition and amalgamation of payment gateway company Avenues India (CCAvenue), the company has told the stock exchanges. It's going to be an all stock deal: with 260 shares of Infibeam being given for every 100 shares shares of CCAvenue. The acquisition values CCAvenue at a net worth of Rs 123.54 crores, while valuing Infibeam at…
