eCommerce
Flipkart Gets In-Principle Nod From NCLT For Reverse Flip To India
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SUMMARY
In an order dated December 12, the principal bench of the NCLT gave its sanction for a “Scheme of Merger by Amalgamation”
Flipkart Health Pvt Ltd, QuickRoutes International Pvt Ltd, and Flipkart Marketplace Pvt Ltd are among Flipkart’s Singapore-based subsidiaries which will now be merged with its Indian entity
Earlier this year, Flipkart’s board approved the reverse flip to India. In September, the company received in-principle approval from a Singapore court to reverse flip
Ecommerce giant Flipkart
has…
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