NCLT Approves Amalgamation Of Info Edge Subsidiary With PB Fintech

NCLT Chandigarh approved the merger of Makesense Technologies with PB Fintech, with dissolution of the former without winding up

Info Edge has a 50.01% stake in Makesense Technologies, with the remaining 49.99% stake held by Temasek subsidiary

The NCLT’s nod comes nearly four years after Info Edge first proposed it in 2021

The National Company Law Tribunal (NCLT) has approved the amalgamation of Info Edge’s subsidiary Makesense Technologies Ltd with fintech major PB…