Tech
Razorpay completes reverse flip from US to India with MCA approval
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Digital payments company Razorpay has informed its Board of Directors that it has completed the reverse flip of its parent entity from the US to India.
According to filings seen by ET, the Regional Director, Southeast Region, for the Ministry of Corporate Affairs has approved the merger between Razorpay Inc. and Razorpay software Private Limited, which is based in Bengaluru.
A Razorpay spokesperson confirmed the development.
The company had applied to the regulators for the reverse flip under amended rules, which do not require companies to apply to the…
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