The ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/news/bengaluru-news”>Bengaluru bench of the National Company Law Tribunal ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nclt” target=”_blank”>NCLT) has approved ecommerce marketplace ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/meesho” target=”_blank”>Meesho’s plan to demerge its Indian entities from its US parent – in a step towards shifting its domicile to India, as per an order by the tribunal.
According to people in the know, Meesho is expected to face a tax outgo of around $280-300 million in the US to flip back to India.
data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/meeshos-reverse-flip-may-conclude-this-week-likely-to-file-ipo-papers-this-month-say-sources/articleshow/121783430.cms” data-type=”tilCustomLink” target=”_blank”>ET had first reported last week that Meesho’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/reverse-flip” target=”_blank”>reverse flip process was in the end stages as the company finalised plans to file a draft red herring prospectus for its…
