Flipkart gets NCLT approval for merger of eight entities; moves a step closer to IPO

The NCLT has approved the merger of eight Flipkart entities, which will help the e-commerce giant obtain an Indian domicile and potentially go public in India. This involves merging eight Singapore-based companies into Flipkart’s Indian arm, simplifying its structure and making it more appealing for an IPO. However, government and Singapore court approval are still […]