If you want a sed solution:
$ sed -En 's/(INFO\|NOT-CLONED\|).*\|([^|]*)\|$/\1\2/p' file
INFO|NOT-CLONED|last-folder-name
How it works:
-E
Use extended regex
-n
Don't print unless we explicitly tell it to.
s/(INFO\|NOT-CLONED\|).*\|([^|]*)\|$/\1\2/p
Look for lines that include INFO|NOT-CLONED| (save this in group 1) followed by anything, .*, followed by | followed by any characters not |, [^|]* (saved in group 2), followed by | at the end of the line. The replacement text is group 1 followed by group 2.
The p option tells sed to print the line if the match succeeds. Since the substitution only succeeds for lines that contain INFO|NOT-CLONED|, this eliminates the need for an extra grep process.
Variation: Returning just the last-folder-name
To just get the last-folder-name without the INFO|NOT-CLONED, we need only remove \1 from the output:
$ sed -En 's/(INFO\|NOT-CLONED\|).*\|([^|]*)\|$/\2/p' file
last-folder-name
Since we no longer need the first capture group, we could simplify and remove the now unneeded parens so that the only capture group is the last folder name:
$ sed -En 's/INFO\|NOT-CLONED\|.*\|([^|]*)\|$/\1/p' file
last-folder-name