Clarification5 May 2026, 06:11 pm
Niyogin Fintech Clarifies Composite Scheme of Arrangement
AI Summary
Niyogin Fintech Ltd clarified its May 4, 2026, intimation regarding the proposed Composite Scheme of Arrangement and Amalgamation with Niyogin Finserv Limited and iServeU Technology Private Limited. The company stated that the disclosure was voluntary and aimed at providing timely updates, not due to non-compliance. The in-principle approval from RBI was received and the company made a voluntary disclosure to the Exchange upon receipt of the said approval from RBI in the interest of transparency and good governance.
Key Highlights
- Niyogin Fintech clarifies its voluntary disclosure regarding the Composite Scheme.
- RBI's in-principle approval was received for the Scheme.
- The company emphasizes transparency and good governance in its disclosures.
- Scheme involves demerger of NBFC business and amalgamation with iServeU.
Price Impact
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