IPO-bound Flipkart gains key approvals to relocate to India

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Flipkart is in the advanced stages of securing regulatory approvals to shift its headquarters from Singapore to India, with the transition targeted for later this year, TechCrunch has learned, as the Walmart-owned e-commerce giant prepares for an Indian IPO next year.

The redomiciling process has received in-principle approvals from a Singapore court, while several hearings have already taken place at India’s National Company Law Appellate Tribunal (NCLAT), people familiar with the matter told TechCrunch. Flipkart is working toward completing the…



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IPO-bound Flipkart gains key approvals to relocate to India


Flipkart is in the advanced stages of securing regulatory approvals to shift its headquarters from Singapore to India, with the transition targeted for later this year, TechCrunch has learned, as the Walmart-owned e-commerce giant prepares for an Indian IPO next year.

The redomiciling process has received in-principle approvals from a Singapore court, while several hearings have already taken place at India’s National Company Law Appellate Tribunal (NCLAT), people familiar with the matter told TechCrunch. Flipkart is working toward completing 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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