Future Enterprises buys majority stake in LivQuik

Future Enterprises Ltd. (FEL), part of the Future Group, has announced the acquisition of a majority 54.98 percent stake in fintech startup LivQuik. LivQuik, the company said, operates QuikWallet, an RBI- approved prepaid payment issuer and additionally provides payment gateway and enterprise fintech software development services. The acquisition, the company added, will be completed within two years during which FEL will pay Rs 20 crores for the stake and Rs 5 crores additionally, if required.