CCI approves merger of a financial technology company, Garagepreneurs Internet Private Limited with the North East Small Finance Bank

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....CI approves merger of a financial technology company, Garagepreneurs Internet Private Limited with the North East Small Finance Bank <br>News and Press Release<br>Dated:- 13-3-2024<br><BR>The Competit....

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....ion Commission of India (CCI) has approved the merger of a financial technology company, Garagepreneurs Internet Private Limited with the North East Small Finance Bank. The proposed transaction compr....

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....ises the merger of a financial technology company, Garagepreneurs Internet Private Limited (GIPL) (including Quadrillion Finance Private Limited (QFPL) (an NBFC-SI-ICC) and Intergalactory Foundry Priv....

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....ate Limited (IFPL) with North-East Small Finance Bank Limited (NESFB) (including RGVN (North-East) Microfinance Limited (RGVN)), pursuant to the composite scheme of amalgamation to be filed before the....

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.... jurisdictional National Company Law Tribunal and certain related transactions. GIPL operates under the brand name &quot;slice&quot; and focuses on facilitating payments and credit products through ....

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....digital means in India. GIPL primarily focuses on enabling access to financial services for underbanked customers through affordable and transparent cost solutions and structures. NESFB is a private ....

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....sector small finance bank (SFB). It is headquartered in Guwahati, Assam and has branches in the North Eastern states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikk....

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....im), and West Bengal. Detailed order of the CCI will follow.<BR> News - Press release - PIB....