Makesense Technologies Ltd and PB Fintech Ltd to merge

Makesense Technologies Limited (subsidiary of Info Edge (India) Ltd.) and PB Fintech Limited, at their respective Board Meetings, held on 26th April, 2022, have approved the proposed Scheme of Amalgamation between Makesense Technologies Limited ("Transferor Company") and PB Fintech Limited ("Transferee Company") and their respective shareholders, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Act"), including rules made thereunder ("Scheme").

The Scheme is subject to the necessary regulatory and statutory approvals.

Upon the Scheme becoming effective and pursuant to proportionate share issuance by the Transferee Company to the shareholders of the Transferor Company, economic interest of Info Edge (India) Ltd. in PB Fintech Limited remains unchanged.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 4535.75 as compared to the previous close of Rs. 4504.40. The total number of shares traded during the day was 7684 in over 1755 trades.

The stock hit an intraday high of Rs. 4598.30 and intraday low of 4520.00. The net turnover during the day was Rs. 35017896.00.

Shares of PB Fintech Ltd was last trading in BSE at Rs. 687.55 as compared to the previous close of Rs. 698.75. The total number of shares traded during the day was 16257 in over 1135 trades.

The stock hit an intraday high of Rs. 712.25 and intraday low of 683.95. The net turnover during the day was Rs. 11339908.00.

Source : Equity Bulls

Keywords

InfoEdgeIndia INE663F01024 MakesenseTechnologies PBFintech Merger