Merger4 May 2026, 04:07 pm
Niyogin Fintech Receives RBI Nod for Amalgamation Scheme
AI Summary
Niyogin Fintech Ltd has received in-principle approval from the Reserve Bank of India (RBI) for its Composite Scheme of Arrangement and Amalgamation involving Niyogin Finserv Limited and iServeU Technology Private Limited. The approval, received via email dated April 30, 2026, is a key regulatory milestone. The scheme is still subject to other statutory and regulatory approvals, including those from the NCLT, shareholders, creditors, and other applicable authorities. The company will continue to update the stock exchange on further developments.
Key Highlights
- RBI grants in-principle approval for Niyogin Fintech's amalgamation scheme.
- The scheme involves Niyogin Fintech, Niyogin Finserv, and iServeU Technology.
- RBI approval is a key regulatory milestone for the scheme's implementation.
- Scheme is subject to NCLT, shareholder, and creditor approvals.
- Company will keep the stock exchange informed of further developments.