India's oldest internet firm Rediff to be sold to Infibeam Avenues for $3m

India's oldest internet firm Rediff to be sold to Infibeam Avenues for $3m

Credit: Creative Commons License/Nick Youngson

Infibeam Avenues, the parent of payment gateway CCAvenue, on Friday, said it will buy a 54% stake in Rediff.com, one of India’s oldest internet businesses, for Rs 25 crore ($2.9 million).

Edited by: Padma Priya