Flipkart gets IPO ready with NCLT nod to flip back domicile to India

Walmart-owned ecommerce marketplace Flipkart has received clearance from the National Company Law Tribunal (NCLT) to shift its domicile from Singapore to India, in a move that takes it closer to a much-anticipated public listing on the Indian exchanges, according to people in the know.

The Bengaluru-based online retail company, which is planning to file the draft papers for its initial public offering in 2026, has now sought approval from the central government under the Press Note 3 rules. “Chinese investor Tencent holds a 5–6% stake in…