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The development comes weeks after Razorpay officially restructured itself into a public limited company, a key step toward its anticipated IPO.
This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.
On April 9, the NCLT sanctioned the scheme of amalgamation between Pine Labs Private Limited (India) and Pine Labs Limited (Singapore).
If a report is to be believed then Razorpay - which is also planning to move its domicile to India - may see a similar 30-40% cut in fair market value.
