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US-registered Razorpay is quickening plans to shift its domicile to India. For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company.
Pine Labs has secured clearance from a Singapore court to merge its domestic and Singapore entities, regulatory filings show. This is a step forward for the payments company in the process of shifting domicile back to India. It now awaits a nod at this end.
The approval from Singapore s court paves the way for Peak XV Partners-backed Pine Labs to shift its domicile to India. Multiple other companies of Indian origin including Meesho, Razorpay, Zepto and Udaan are in different stages of moving to India. PhonePe and Groww have already completed their migration to India.