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NCLT Approves Amalgamation Of Info Edge Subsidiary With PB Fintech
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NCLT Approves Amalgamation Of Info Edge Subsidiary With PB Fintech
The National Company Law Tribunal (NCLT) has approved the amalgamation of Info Edge’s subsidiary Makesense Technologies Ltd with fintech major PB Fintech, with the effective date set as April 1, 2022. In an order dated August 29, the Chandigarh bench of the NCLT allowed the amalgamation without the process of winding up, as part of broader streamlining of Info Edge’s corporate structure. Notably, Makesense Technologies held a 13.04% stake in PB …
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