Niyogin Fintech Receives RBI In-Principle Approval for Composite Scheme of Arrangement and Amalgamation
Published on: May 4, 2026, 8:48 p.m. | Source: scanx.trade
Niyogin Fintech Limited received an in-principle approval from the Reserve Bank of India on April 30, 2026, for its Composite Scheme of Arrangement and Amalgamation. The Scheme involves Niyogin Fintech as the Demerged and Amalgamating Company, Niyogin Finserv Limited as the Resulting Company, and iServeU Technology Private Limited as the Amalgamated Company. While the RBI nod marks a significant regulatory milestone, the Scheme still requires approvals from the NCLT, shareholders, creditors, and other applicable authorities. The company has committed to keeping stock exchanges updated on further developments.
