NCLT approves amalgamation of Info Edge subsidiary with PB Fintech
pre-market1 source ↓written by the desknot a recommendation
- in PB Fintech
- 6.47% stake
- the allotment
- 2.99 Cr shares
- valued
- ₹92.53 Cr
The National Company Law Tribunal (NCLT) has approved the amalgamation of Info Edge’s subsidiary Makesense Technologies with PB Fintech. Following this, Temasek's MacRitchie Investments acquired 6.47% stake in PB Fintech through the allotment of 2.99 Cr shares, valued at ₹92.53 Cr. This move is expected to enhance PB Fintech's market position.
Not investment advice. For informational purposes only.