Flipkart Gets In-Principle Nod From NCLT For Reverse Flip To India

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SUMMARY

In an order dated December 12, the principal bench of the NCLT gave its sanction for a “Scheme of Merger by Amalgamation”

Flipkart Health Pvt Ltd, QuickRoutes International Pvt Ltd, and Flipkart Marketplace Pvt Ltd are among Flipkart’s Singapore-based subsidiaries which will now be merged with its Indian entity

Earlier this year, Flipkart’s board approved the reverse flip to India. In September, the company received in-principle approval from a Singapore court to reverse flip

Ecommerce giant Flipkart has…



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Flipkart Gets In-Principle Nod From NCLT For Reverse Flip To India


SUMMARY

In an order dated December 12, the principal bench of the NCLT gave its sanction for a “Scheme of Merger by Amalgamation”

Flipkart Health Pvt Ltd, QuickRoutes International Pvt Ltd, and Flipkart Marketplace Pvt Ltd are among Flipkart’s Singapore-based subsidiaries which will now be merged with its Indian entity

Earlier this year, Flipkart’s board approved the reverse flip to India. In September, the company received in-principle approval from a Singapore court to reverse flip

Ecommerce giant Flipkart has…



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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