Fintech startup Slice has received the National Company Law Tribunal's approval to merge with North East Small Finance Bank (NESFB), marking a significant step in its expansion strategy.
This merger comes after Slice acquired a 5% stake in NESFB for $3.4 million in March 2023. With the RBI and Competition Commission of India already clearing the deal, the NCLT’s green light finalizes the process. Slice is now required to file the order with the Registrar of Companies within 30 days, further strengthening its presence in the financial sector.