Meesho gets shareholder nod to raise Rs 4,250 crore via IPO

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Bengaluru-based ecommerce marketplace Meesho has received shareholder approval to launch its initial public offering (IPO), aiming to raise Rs 4,250 crore (about $500 million) in fresh capital, according to filings with the Registrar of Companies.

The approval came after an extraordinary general meeting of the company.

Meesho, which completed its domicile shift from the US to India last week, will file its draft IPO prospectus under Sebi’s confidential route, the documents show.

Separately, Meesho’s shareholders have also approved the plan to…



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Meesho gets shareholder nod to raise Rs 4,250 crore via IPO



Bengaluru-based ecommerce marketplace Meesho has received shareholder approval to launch its initial public offering (IPO), aiming to raise Rs 4,250 crore (about $500 million) in fresh capital, according to filings with the Registrar of Companies.

The approval came after an extraordinary general meeting of the company.

Meesho, which completed its domicile shift from the US to India last week, will file its draft IPO prospectus under Sebi’s confidential route, the documents show.

Separately, Meesho’s shareholders have also approved the plan to…



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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