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

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..... CCI approves merger of a financial technology company, Garagepreneurs Internet Private Limited with the North East Small Finance Bank
News and Press Release
Dated:- 13-3-2024

The Competi .....

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..... tion 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 comp .....

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..... rises 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 Pri .....

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..... vate 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 th .....

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..... e jurisdictional National Company Law Tribunal and certain related transactions. GIPL operates under the brand name "slice" 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 Sik .....

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..... kim), and West Bengal. Detailed order of the CCI will follow.
News - Press release - PIB .....

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