eNews
Nxtdigital board approves proposed merger of Hinduja Leyland Finance
Mumbai: The board of directors of Nxtdigital approved the proposal for a merger with Hinduja Leyland Finance (HLFL) and their respective shareholders, subject to regulatory approval.
The proposed scheme for the merger of HLFL will come into effect after the on-going scheme of transfer of the “digital media & communications business undertaking” into Hinduja Global Solutions (HGSL) is completed.
The board also approved the share exchange ratio for the proposed merger. The ratio was approved based on the comprehensive valuation exercise carried out and recommended by two independent valuers, M/s KPMG Valuation Services and M/s SSPA & Co., Chartered Accountants.
As per the valuation, HLFL shareholders will get 23 fully paid equity shares of a face value of Rs 10 per share in NDL for every ten fully paid equity shares of a face value of Rs 10 each held by them in HLFL.
The proposed merger, once completed, will fuel the expansion plans of both companies. The proposed scheme is subject to all shareholder and regulatory approvals and the National Company Law Tribunal (NCLT).
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
