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NCLT Approves Meesho’s Reverse Flip To India

  • Meesho, an ecommerce major, has obtained approval from NCLT to relocate its headquarters from the US back to India amidst its IPO preparations.
  • The NCLT Bengaluru Bench granted clearance to Meesho on May 27th, 2025, addressing objections raised by ROC/RD & the Income Tax Department.
  • The move aligns with Meesho's transition to re-domicile in India, reflecting its operational presence in the country.
  • As part of this process, Meesho is set to pay around INR 2,480 Cr to shift its headquarters, as reported by Moneycontrol.
  • Meesho's board has approved its conversion to a public entity and name change to 'Meesho Limited' ahead of its IPO filing.
  • The ecommerce platform plans to raise $1 Bn through its IPO and has engaged notable bankers like Morgan Stanley for the process.
  • Meesho initiated the redomiciling procedure back to India in August 2024 and is gearing up for its IPO launch this financial year.
  • Recently, the company closed a funding round, reduced net losses by 81.8% in FY24, and saw a 32.8% increase in operating revenue.

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