Flipkart gets NCLT nod to shift domicile to India, moves closer to IPO
Flipkart has secured clearance from the National Company Law Tribunal (NCLT) to flip its domicile from Singapore to India. With this, the Walmart-owned ecommerce player moves closer to its public market debut dream. According to the NCLT order, the approval allows the amalgamation of eight Singapore-incorporated entities with India-based Flipkart Internet. The combined entity will…
