Info Edge (India) Limited has informed the Exchange about Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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The National Company Law Tribunal (NCLT), Chandigarh Bench has approved the scheme of amalgamation of Makesense Technologies Limited, a subsidiary of Info Edge, with PB Fintech Limited (the parent of PolicyBazaar) and their respective shareholders. The order was pronounced on August 29, 2025, under Sections 230-232 of the Companies Act, 2013. This follows Info Edge's original disclosure on this matter from April 27, 2022, meaning the merger approval process has taken over three years to conclude. Makesense Technologies is one of Info Edge's early investments that eventually became part of the PolicyBazaar (PB Fintech) group.
This is a structural event with no direct cash impact, but it consolidates Info Edge's holding and may allow shareholders to participate more directly in the value of the PolicyBazaar business. The long-pending NCLT clearance removes a key overhang on the merger structure, though actual shareholder benefits will depend on the share swap ratio already disclosed earlier.