Pine Labs Awaits India Nod For Reverse Flip After Singapore Approval

Pine Labs Awaits India Nod For Reverse Flip After Singapore Approval

SUMMARY

Singapore-based Pine Labs Limited (PLS) will merge with its Indian counterpart Pine Labs Private Limited as part of the reverse flipping

While the company has received the green light in Singapore, Pine Labs’ plea in India is still being heard by the National Company Law Tribunal

The Peak XV Partners-backed fintech unicorn is reported to be eyeing an IPO in India after redomiciling from Singapore

Fintech unicorn Pine LabsPine Labs Datalabs_in-article-icon is now all set to shift its domicile back to India after reportedly receiving an approval from a Singapore court to merge its Singapore-based entity with the India entity. 

The court order, not seen by Inc42, allows Singapore-based Pine Labs Limited (PLS) to merge with its Indian counterpart Pine Labs Private Limited (PLI).  PLS will be transferring all its assets and properties to the Indian entity, effectively permitting the firm to shift its operations to India. 

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