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CCI Approves Merger of Fintech Firm slice with North East Small Finance Bank

New Delhi: CCI has given the green light to the merger of Garagepreneurs Internet Private Limited, a financial technology company, with North East Small Finance Bank. 

The merger involves Garagepreneurs Internet Private Limited, which operates under the brand “slice,” along with Quadrillion Finance Private Limited and Intergalactory Foundry Private Limited, merging with North-East Small Finance Bank Limited, including RGVN (North-East) Microfinance Limited. 

This move aims to file a comprehensive scheme of amalgamation with the National Company Law Tribunal, along with associated transactions. 

Garagepreneurs Internet Private Limited specializes in digital payment and credit services, particularly targeting underserved customers with affordable and transparent financial solutions. Meanwhile, North East Small Finance Bank, headquartered in Guwahati, Assam, operates in the North Eastern states and West Bengal.

Tags: BFSI