Novus Loyalty Limited Plans ₹105.13 Crore AutoPe Acquisition

Novus Loyalty Limited plans to acquire up to 80.87% of AutoPe Payment Solutions Limited for approximately ₹105.13 crore, based on an equity valuation of ₹130 crore, with the proposed transaction subject to due diligence, definitive agreements and applicable approvals. The proposal would add payment capabilities to Novus Loyalty Limited's existing loyalty and customer-engagement operations.

What is Novus Loyalty Limited proposing to acquire?

Novus Loyalty Limited has entered into a term sheet for the proposed acquisition of up to 80.87% of AutoPe Payment Solutions Limited. The proposed stake is valued at about ₹105.13 crore, calculated using an equity valuation of ₹130 crore for AutoPe Payment Solutions Limited as a whole.

The company said the acquisition is intended to strengthen its position across fintech and digital payments. Novus operates in enterprise loyalty and customer engagement technology, while the proposed transaction would bring payment infrastructure closer to its loyalty, rewards, merchant promotions and digital voucher offerings.

The transaction has not been presented as completed. It remains conditional on a due-diligence investigation, definitive documentation and statutory, regulatory and other approvals. The disclosures also refer to approvals by relevant boards, committees and shareholders where applicable.

How will the proposed AutoPe Payment Solutions deal be completed?

Novus said the acquisition is proposed to be completed in tranches. The first tranche is targeted to close through a definitive Share Purchase Agreement, while the balance stake is expected to be acquired within approximately 10 months.

The staged structure means the announced term sheet is an initial framework rather than the final transaction document. The eventual timing and execution remain dependent on the closing conditions identified by the company, including due diligence and statutory or regulatory clearances.

The available disclosures refer to a proposed acquisition of up to 80.87%, while separate references describe the intended stake as 80.87%. The company has consistently stated that the proposal is subject to approvals and final agreements. Investors should therefore distinguish between the announced intent and a completed share transfer.

The company also disclosed that it signed a three-year agreement to supply digital rewards to TLG India Private Limited, a unit of Publicis Re:sources, effective 28 October 2026. That commercial agreement is separate from the proposed AutoPe transaction but reflects Novus's continuing focus on digital rewards services.

Why does the AutoPe proposal matter to Novus Loyalty Limited?

The proposal matters because it could connect payment capabilities with Novus's loyalty and rewards platform. The company said the combination could have applications across digital commerce, travel, entertainment, ticketing and mobility.

Novus has identified loyalty, rewards, merchant promotions and voucher offerings as areas where payment capabilities could be relevant. Its investor presentation also referred to cross-selling opportunities between payment infrastructure and loyalty technology, including in BFSI-related customer engagement.

AutoPe's proposed acquisition is part of a wider set of strategic initiatives disclosed by Novus. The company has referred to a planned Dubai subsidiary alongside the proposed AutoPe transaction, describing both as opportunities to expand its reach and participate more broadly across the transaction lifecycle.

However, Novus has not disclosed financial projections, expected synergies, a funding breakdown or a completion date beyond the indication that the remaining stake could be acquired within about 10 months. The stated strategic rationale should therefore be assessed alongside the transaction conditions that are still outstanding.

What do the latest board and market disclosures show?

Novus's board was scheduled to meet on 26 October 2026 to consider unaudited standalone financial results for the quarter and half-year ended 30 September 2026, together with the statutory auditor's Limited Review Report. The company's disclosure list records a board-meeting outcome dated 26 October 2026 and a financial-results filing dated 27 October 2026.

The supplied disclosures do not provide revenue, profit or margin figures for the half-year results. As a result, the available information does not permit a quantified assessment of whether the proposed AutoPe deal is supported by recent operating performance or how it would affect Novus's financial statements.

Novus's stock has also been placed in the Additional Surveillance Measure list under LTASM-I. This status is a market-surveillance classification disclosed alongside the company information and is separate from the proposed acquisition announcement.

For shareholders, the important facts currently available are the proposed ₹105.13 crore consideration, the up-to-80.87% stake, the tranche-based structure and the outstanding conditions. There is no disclosed share-price movement or confirmed closing announcement in the provided material.

Conclusion

Novus's proposed acquisition of up to 80.87% of AutoPe Payment Solutions Limited would extend its stated loyalty and rewards business toward payment-related capabilities. The deal carries an implied AutoPe equity valuation of ₹130 crore and proposed consideration of approximately ₹105.13 crore, but it remains conditional and incomplete.

The next points to watch are the completion of due diligence, execution of definitive transaction documents, required approvals and progress on the first tranche. Investors can also monitor subsequent company disclosures for the financial terms, funding structure and any update on the indicated approximately 10-month timeline for the balance stake.