Pine Labs gains Singapore court approval to merge Indian and Singaporean entities for relocation to India.
Pine Labs, a merchant commerce company, has gained approval from a Singapore court to merge its Indian and Singaporean entities, enabling it to shift its operations to India. This move follows similar relocations by fintech firms like PhonePe, Groww, KreditBee, Razorpay, Meesho, and Zepto. The relocation aims to provide Pine Labs with business synergies, economies of scale, cost savings, and a simplified shareholding structure.
May 20, 2024
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