India, May 19 -- Fintech unicorn Oxyzo's board has approved the complete acquisition of debt investment and bond distribution platform GoldenPi Technologies Pvt Ltd and its wholly-owned subsidiary GoldenPi Securities via share-swap agreement for a deal value of Rs.42.4 Cr ($4.4 Mn).

Oxyzo, which is the lending arm of OfBusiness, will be issuing equity shares on a preferential basis by way of private placement to GoldenPi's founders Abhijit Roy and Samir Baran Pratihar and its investor, Rainmatter Investments.

In a regulatory filing, Oxyzo announced that its board nod to offer and issue 3.11 Lakh equity shares of face value of Rs.10 each and at a securities premium of Rs.1,353 per share per share, aggregating to Rs.42.41 Cr for the purpo...