Jan 13, 04:54 AM

Zepto Secures NCLT Approval for Merger with Kiranakart, Completing Flip to India in 30 Days Ahead of IPO

Zepto has received approval from the National Company Law Tribunal (NCLT) to merge its Singapore parent company with its Mumbai-based subsidiary, Kiranakart. This decision facilitates the company's transition back to India, a move aimed at addressing regulatory challenges and enhancing shareholder value. The merger is expected to be completed within the next 30 days, as Zepto prepares for a potential initial public offering (IPO) in India later this year. The NCLT's ruling indicates that the flip will not require approval from the Reserve Bank of India (RBI).

#Zepto #National Company Law Tribunal #NCLT #Singapore #Mumbai #Kiranakart #India #Reserve Bank of India #RBI

Written with ChatGPT (GPT-4o mini).

Sources

Moneycontrol@moneycontrolcom
2 years ago
#StartupsWithMC | Zepto receives NCLT approval to reverse flip to India ahead of IPO this year Read for more👇 https://t.co/RRENJNe2TQ #Zepto #IPO
Chandra R. Srikanth@chandrarsrikant
2 years ago
Zepto receives NCLT approval to reverse flip to India ahead of IPO this year https://t.co/j9XyHKzJqm via @moneycontrolcom
Moneycontrol@moneycontrolcom
2 years ago
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