Tech
Meesho gets shareholder nod to raise Rs 4,250 crore via IPO
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Bengaluru-based ecommerce marketplace Meesho has received shareholder approval to launch its initial public offering (IPO), aiming to raise Rs 4,250 crore (about $500 million) in fresh capital, according to filings with the Registrar of Companies.
The approval came after an extraordinary general meeting of the company.
Meesho, which completed its domicile shift from the US to India last week, will file its draft IPO prospectus under Sebi’s confidential route, the documents show.
Separately, Meesho’s shareholders have also approved the plan to…
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