Revolut Payments lndia Private Limited agreed to acquire Arvog Forex Private Limited from Finkurve Financial Services Limited (BSE:508954) for approximately INR 320 million on February 11, 2022. Revolut will buy 0.875 million shares representing 100% of Arvog. For the financial year ended March 31, 2021, Arvog reported revenues of approximately INR 77 million and Total Common Equity of approximately INR 41 million. The transaction is expected to complete in three working days.

Revolut Payments lndia Private Limited completed the acquisition of Arvog Forex Private Limited from Finkurve Financial Services Limited (BSE:508954) on February 18, 2022. AZB & Partners acted as legal advisor to Avrog Forex. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to Revolut Payments lndia Private Limited in the transaction.