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Singapore Court Approves Pine Labs Domicile Move to India

By Viestories
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Singapore court has approved Pine Labs, a fintech company, to move its headquarters to India. The company's Singapore and India businesses have merged, per a recent ruling from the court.

With this clearance, Pine Labs can consolidate its activities in India by transferring all of its properties and assets to its Indian unit.

All of the Singapore entity's shareholders will now own shares of Pine Labs Private Limited as a result of this merger.

Pine Labs is the third finance startup to move its headquarters from abroad to India, after PhonePe and Groww.

Pine Labs offers a range of goods and services to retailers, such as credit, gifting, and cloud-connected point-of-sale systems.

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For the past few years, Pine Labs has been attempting initial public offerings. Additionally, bankers were finalised for the US IPO last year, but the plan was abandoned. The company has not revealed when it plans to list on the exchanges.

About Pine Labs

Founded in 1998 by Amrish Rau, Pine Labs is a merchant platform company that provides financing and last-mile retail transaction technology to merchants. It has over 100,000 merchants in India and other Asian countries.

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Tags: Pine Labs