Monday, 15 December, 2025
Flipkart Gets NCLT Nod for India Home-Base Ahead of IPO
Walmart-owned Flipkart has received a crucial clearance from the National Company Law Tribunal (NCLT) to shift its legal domicile from Singapore back to India. This "reverse flip" is a key preparatory step for the e-commerce giant's anticipated domestic Initial Public Offering (IPO), likely planned for 2026. Flipkart must now secure government approval due to Chinese investor Tencent's stake.
Read full story at Economic Times