Rediff Strengthens Board Ahead of IPO Plans; Rekha Murthy Appointed Independent Director

***** India Limited has appointed veteran technology leader Rekha Murthy as an independent director, marking a key step in its IPO-readiness and governance strengthening efforts. The AI-focused platform company is evaluating capital-raising options, including a potential public listing, with market sources indicating an IPO timeline before Diwali 2026. Murthy brings nearly 35 years of global technology leadership, having held senior roles at IBM, Oracle, SAP, and Digital Equipment Corporation. A Harvard Business School alumna, she currently serves as an independent director at Yes Bank Limited and sits on multiple international boards. The appointment comes as Rediff accelerates its transformation into an AI-first platform, spanning digital payments (RediffPay), enterprise solutions (RediffOne), and secure business communications (Rediffmail Enterprise). Majority shareholder Infibeam Avenues Limited, which recently raised its stake in Rediff to 82%, is also undergoing a leadership and branding overhaul, proposing a rebrand to AvenuesAI Limited. Industry observers view Murthy’s induction as part of broader IPO preparation, with merchant banker appointments expected in due course. The move aligns with renewed investor interest in technology-led listings, following high-profile IPOs such as Meesho, Urban Company, Pine Labs, Groww, and Physics Wallah. Hashtags: #Rediff #IPOWatch #CorporateGovernance #AIFirst #TechIPO #IndianStartups #BoardAppointment #DigitalPayments #EnterpriseTech #CapitalMarkets