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Pine Labs gets tribunal nod to move home to India

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Date
Company
Pine Labs
What it does
Reverse flip approved
Kind
News

What they do

The Chandigarh bench of the company tribunal approved merging Pine Labs' Singapore entity into its Indian entity in an order dated 9 April 2025

What happened

This moves the parent company's base back to India, called a reverse flip

Why it matters

Pine Labs became the second major fintech after Groww to do this, with Razorpay still in the process

The details

  • The NCLT approved the merger of the Singapore entity with the Indian one.
  • The order is dated 9 April 2025.
  • It clears a key step before a listing in India.

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