Pine Labs Gets Singapore Court Approval to Shift Domicile and Operations to India

May 20, 2024, 06:27 AM

Pine Labs has received approval from a Singapore court to shift its base to India. The court's decision allows Pine Labs to merge its local entity in Singapore with its Indian unit and transfer all its assets and properties to India. The company is also moving its application simultaneously in the National Company Law Tribunal (NCLT) in India. This move will shift Pine Labs' domicile and operations to India.