NCLT approves amalgamation of Info Edge subsidiary with PB Fintech
pre-market1 source ↓written by the desknot a recommendation
- effective
- 1 Apr 2022
- acquired
- 2.99 Cr shares
- in PB Fintech
- 6.47% stake
- valued
- ₹92.53 Cr
The National Company Law Tribunal (NCLT) has approved the amalgamation of Makesense Technologies with PB Fintech, effective from 1 Apr 2022. Following this, MacRitchie Investments acquired 2.99 Cr shares, representing a 6.47% stake in PB Fintech, valued at ₹92.53 Cr. This move aims to streamline operations and enhance market positioning.
Not investment advice. For informational purposes only.