Walmart-owned e-commerce giant Flipkart has finalized its headquarters and domicile relocation from Singapore to India. This reverse flip serves as a mandatory prerequisite for the company’s planned initial public offering (IPO) on an Indian stock exchange.
The relocation received all necessary regulatory approvals from the National Company Law Tribunal (NCLT) and the Indian central government. This formal shift aligns Flipkart’s corporate structure with its primary market of operations.
Reports indicate the company has initiated discussions with bankers to proceed with the domestic listing.