Pine Labs gets NCLT nod to reverse flip Singapore entity

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Digital payments firm Pine Labs has secured the nod from the National Company Law Tribunal (NCLT) to merge its Singapore entity with its India entity, thereby reverse flipping its parent entity back to India.

Pine Labs becomes the second major fintech company after Groww to reverse flip its parent entity to India in recent times. Another fintech firm, Razorpay, is currently in the process of reverse flipping its holding entity to India from the United States.

In an order issued on April 9, the Chandigarh-bench of the NCLT said that Pine Labs has taken…



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Pine Labs gets NCLT nod to reverse flip Singapore entity


Digital payments firm Pine Labs has secured the nod from the National Company Law Tribunal (NCLT) to merge its Singapore entity with its India entity, thereby reverse flipping its parent entity back to India.

Pine Labs becomes the second major fintech company after Groww to reverse flip its parent entity to India in recent times. Another fintech firm, Razorpay, is currently in the process of reverse flipping its holding entity to India from the United States.

In an order issued on April 9, the Chandigarh-bench of the NCLT said that Pine Labs has taken…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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