India, April 10 -- Making another stride towards its reverse flipping journey, fintech major Pine Labs has now secured the final approval from the National Company Law Tribunal (NCLT) to merge its Indian and Singapore entities.

As a result, shares in Pine Labs will be issued to existing shareholders of the Singapore entity.

The company's spokesperson said that this alignment is aimed at enhancing operational efficiency and supports our long-term vision of delivering value to our customers, partners, and stakeholders.

The development was first reported by The Head and Tale.

This comes months after Pine Labs received the initial approval from the NCLT to shift its domicile from Singapore to India in August.

Pine Labs' domicile shift pl...