Novus Loyalty has signed a term sheet on August 31, 2026, to acquire up to 80.87% stake in AutoPe Payment Solutions for an aggregate equity valuation of ₹130 crore on a fully diluted basis. The acquisition will be implemented in tranches, with the balance stake targeted for completion within approximately 10 months. The deal is subject to due diligence, statutory and regulatory approvals, and approval by the Board of Directors and shareholders. Consideration will be discharged through cash, based on the ₹130 crore aggregate equity valuation, implying an aggregate consideration of approximately ₹105.13 crore for the 80.87% stake being acquired.
As reported by Business Standard, the proposed acquisition is intended to support strategic growth, business expansion and operational synergies. The transaction is expected to strengthen the Company's overall business profile and enhance its market position in the payment solutions sector. AutoPe operates in the fintech payment solutions sector in India, positioning the acquisition as a strategic move to expand Novus Loyalty's presence in the digital payments ecosystem.
According to the latest financial data, AutoPe's revenue from operations grew from ₹44.85 crore in FY 2022-23 to ₹62.10 crore in FY 2024-25, reflecting consistent top-line expansion. The company's profit after tax increased from ₹7.62 crore to ₹13.60 crore over the same period. Concurrently, cash and bank balances surged from ₹7.57 crore to ₹39.40 crore, indicating strong liquidity accumulation alongside revenue growth. This financial trajectory demonstrates AutoPe's robust operational performance and growth potential in the fintech sector.
The acquisition represents a significant strategic move for Novus Loyalty to establish majority control in the payment solutions sector. Given the ₹130 crore valuation, the company is positioned to leverage AutoPe's payment infrastructure to enhance its existing loyalty ecosystem and drive cross-selling opportunities. The transaction does not constitute a related party transaction and is proposed to be undertaken at arm's length, indicating a professional approach to the acquisition process.
