NCLT approves Flipkart’s domicile shift to India before IPO

Walmart-controlled e-commerce institution Flipkart has secured support from the Indian judicial assemblage the National Company Law Tribunal (NCLT) to relocate its holding institution from Singapore to India.

The determination advances the Bengaluru-based online retail company’s plans to spell public, with an purpose to taxable draught archetypal nationalist offering (IPO) papers successful 2026, according to media reports.

However, it has not acceptable a definitive timeline for the listing.

The tribunal has approved the merger of 8 Singapore-registered entities into Flipkart Internet, the India-incorporated institution that volition go the main operating entity for the group’s home businesses.

Following the consolidation, Flipkart Internet volition relation arsenic the main portion for the group’s Indian operations, including manner level Myntra and logistics supplier Ekart.

As portion of the reorganisation, Flipkart has besides applied for support from the cardinal authorities nether Press Note 3 regulations, which mandate clearance for investments originating from countries sharing a onshore borderline with India.

The request is triggered by the shareholding of the Chinese exertion institution Tencent successful Flipkart.

The NCLT determination removes a important regulatory obstacle successful the alleged reverse flip, which involves transferring ownership from an overseas holding operation to an Indian entity and consolidating the group’s firm model wrong India.

Flipkart primitively moved its office to Singapore successful 2011.

The company’s committee endorsed the determination to re-domicile successful India successful April 2025.

The retailer was founded successful 2007 arsenic an online bookstore. The Walmart-owned Flipkart Group encompasses Flipkart Wholesale, Flipkart Health+, Cleartrip and Myntra.

Walmart acquired a 77% involvement successful Flipkart successful May 2018 for $16bn. Other investors iare Microsoft, the Canada Pension Plan Investment Board and SoftBank.

In aboriginal 2025, the institution undertook the displacement successful ineligible domicile to bring its firm operation into person alignment with its mostly India-focused operations.

"NCLT approves Flipkart’s domicile displacement to India earlier IPO " was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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