Flipkart Homecoming: Ecommerce Major Secures Final Approval for Reverse Flip Ahead of IPO

Ecommerce major Flipkart has completed a reverse flip, redomiciling its group structure back to India and making Flipkart Internet Private Ltd the primary holding company, ET reported. The move is seen as a key step toward the company’s planned initial public offering (IPO) and follows early discussions with merchant bankers about filing a draft prospectus later this year. According to a company spokesperson, government approval for the restructuring has now been secured, formally concluding the reverse-flip process. “Flipkart has received Government of India approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity…