India, March 9 -- In the run up to its much anticipated IPO, ecommerce giant Flipkart has now completely redomiciled to India after receiving the nod from the Indian government. The company's reverse flip was cleared by the National Company Law Tribunal (NCLT) earlier in December last year.
"Flipkart has received Government of India approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity of the Flipkart group. This completes the redomiciliation of the Flipkart group to India, a significant milestone that reflects our deep and long-term commitment to India," the company said in a statement.
With this, Flipkart's India entity will merge with Flipkart's Singapore-ba...
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