New Delhi, May 29 -- In what could be one of the most strategic moves at the intersection of digital lending and artificial intelligence, Online PSB Loans Limited (OPL) -- the operator of India's largest public-sector-backed digital credit platform -- is in advanced negotiations to induct AvenuesAI Limited as a minority stakeholder by way of secondary share sale.

On Friday, AvenuesAI Limited in its stock exchange filings said that the board has approved the proposal to pick 7% minority equity stake in Online PSB Loans Limited (OPL) as a strategic investment.

Speaking to ANI, Vishal Mehta, Chairman and Managing Director, AvenuesAI Limited said that term sheets have been signed and soon both the companies will start working on closing. He...