Flipkart’s board clears plan for ecommerce firm’s reverse flip to India

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The board of India’s largest ecommerce marketplace, Flipkart, has approved the plan to shift its domicile from Singapore to India, as per people in the know. This comes ahead of the Walmart-owned company’s plans to tap the Indian capital markets by 2026.

“Flipkart’s board has approved the plan to flip back when they met last week in Singapore…the process will now kick off,” a person in the know said.

Among the most anticipated share sales by a new-age company, Flipkart’s listing will mark a significant milestone for India’s startup…



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Flipkart’s board clears plan for ecommerce firm’s reverse flip to India


The board of India’s largest ecommerce marketplace, Flipkart, has approved the plan to shift its domicile from Singapore to India, as per people in the know. This comes ahead of the Walmart-owned company’s plans to tap the Indian capital markets by 2026.

“Flipkart’s board has approved the plan to flip back when they met last week in Singapore…the process will now kick off,” a person in the know said.

Among the most anticipated share sales by a new-age company, Flipkart’s listing will mark a significant milestone for India’s startup…



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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