Razorpay completes reverse flip from US to India with MCA approval

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Digital payments company Razorpay has informed its Board of Directors that it has completed the reverse flip of its parent entity from the US to India.

According to filings seen by ET, the Regional Director, Southeast Region, for the Ministry of Corporate Affairs has approved the merger between Razorpay Inc. and Razorpay software Private Limited, which is based in Bengaluru.

A Razorpay spokesperson confirmed the development.

The company had applied to the regulators for the reverse flip under amended rules, which do not require companies to apply to the…



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Razorpay completes reverse flip from US to India with MCA approval


Digital payments company Razorpay has informed its Board of Directors that it has completed the reverse flip of its parent entity from the US to India.

According to filings seen by ET, the Regional Director, Southeast Region, for the Ministry of Corporate Affairs has approved the merger between Razorpay Inc. and Razorpay software Private Limited, which is based in Bengaluru.

A Razorpay spokesperson confirmed the development.

The company had applied to the regulators for the reverse flip under amended rules, which do not require companies to apply to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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