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).
#StartupsWithMC | Zepto receives NCLT approval to reverse flip to India ahead of IPO this year Read for more👇 https://t.co/RRENJNe2TQ #Zepto #IPO
Zepto receives NCLT approval to reverse flip to India ahead of IPO this year https://t.co/j9XyHKzJqm via @moneycontrolcom
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