NCLT approves slice and North East Small Finance Bank’s Merger

NCLT approves slice and North East Small Finance Bank’s Merger

Daily Current Affairs / NCLT approves slice and North East Small Finance Bank’s Merger

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Category : Business and economics Published on: August 21 2024

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India’s leading consumer payments and lending company has received approval from the National Company Law Tribunal (NCLT) for its merger with North East Small Finance Bank (NESFB).
The NCLT, Guwahati bench, has sanctioned the Scheme of Arrangement and Amalgamation involving Garagepreneurs Internet Private Limited, Quadrillion Finance Private Limited, Intergalactory Foundry Private Limited, RGVN (North East) Microfinance Limited, and North East Small Finance Bank Limited.
The approval paves way for the official merger, combining Slice’s digital prowess with NESFB’s grassroots banking expertise to deliver a superior financial experience to Indian consumers.

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