Pine Labs Gets Final NCLT Nod For Reverse Flipping To India

As a result, shares in Pine Labs will be issued to existing shareholders of the Singapore entity

The company’s spokesperson said that this alignment is aimed at enhancing operational efficiency and supports our long-term vision of delivering value to our customers, partners, and stakeholders

This comes months after Pine Labs received the initial approval from the NCLT to shift its domicile from Singapore to India in August

Making another stride towards its reverse flipping journey, fintech major Pine Labs has now…