Why Walmart-Backed Flipkart Is Finally Moving Its Headquarters to India

Why Walmart-backed Flipkart is finally moving its headquarters to India

Flipkart's transition from Singapore to India has been approved by the NCLT, reflecting a shift in India-US economic relations. The move aims to enhance regulatory alignment and prepare for a possible public listing, pending a final government clearance.

Flipkart gets NCLT clearance to shift domicile to India ahead of IPO plans

Walmart-owned e-commerce marketplace Flipkart has received approval from the National Company Law Tribunal (NCLT) to shift its domicile from Singapore to India, a move that brings the company closer to a long-anticipated public listing on Indian stock exchanges, according to people familiar with the matter. The Bengaluru-based online retailer, which is preparing to file draft […] The post Flipkart gets NCLT clearance to shift domicile to India a…

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

Ecommerce giant Flipkart has received in-principle approval from the National Company Law Tribunal (NCLT) to shift its domicile back to India from Singapore, ahead of the company’s anticipated IPO next year.  In an order dated December 12, the principal bench of the NCLT gave its sanction for a “Scheme of Merger by Amalgamation”, allowing merger of Flipkart’s overseas entities into Indian companies.  “In light of the foregoing facts and discussi…

Flipkart Secures NCLT Nod to Move Domicile Back to India

According to various media reports, Walmart-owned online retailer Flipkart has been given permission by the National Company Law Tribunal (NCLT) to move its headquarters from Singapore to India. This move brings the company one step closer to its eagerly awaited public listing on Indian exchanges. The Bengaluru-based online retailer has now applied for central government approval under the Press Note 3 regulations.The company intends to file the…