Flipkart has received approval from the National Company Law Tribunal (NCLT) to move its legal domicile from Singapore back to India, clearing an important hurdle ahead of its initial public offering (IPO).
The Walmart-owned e-commerce company had shifted its headquarters to Singapore in 2011 to attract global investors. With India’s capital markets deepening, Flipkart is now restructuring its corporate setup to enable a domestic listing.
The approval allows the company to begin the process of consolidating its overseas entities under an Indian holding company. While Flipkart has not announced an IPO timeline, the move signals strong intent to list in India.