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Image Credit: Inc42

Meesho Converts Into Public Entity In Run-Up To IPO

  • Meesho, a D2C ecommerce giant, has approved its conversion into a public entity in preparation for an IPO.
  • The board of Meesho passed a special resolution to change its name from 'Meesho Private Limited' to 'Meesho Limited' during an extraordinary general meeting on June 5, as per the MCA filing accessed by Inc42.
  • This conversion will enable Meesho to have more flexibility in accessing the capital market and align its corporate structure with regulatory expectations for a potential IPO.
  • Although the IPO process has not been initiated, Meesho aims to be prepared from a regulatory and compliance perspective to pursue an IPO when the timing is appropriate.

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