Zepto Fast-Tracks IPO Plans with Key Approval for Domicile Shift

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Quick commerce giant Zepto is gearing up for its initial public offering (IPO), with plans to file draft papers by March or April this year. The company recently received approval from Singapore for its domicile transfer to India, a critical step in the process.

As per a report in the Economic Times, a pivotal hearing is scheduled for January 17 at the National Company Law Tribunal (NCLT) regarding its reverse merger application to relocate its domicile. The Singapore clearance marks a significant milestone, enabling Zepto to advance its IPO plans.

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The company has also scheduled a board meeting for January 19 to finalize the IPO’s size, appoint bankers, and address resolutions related to its holding company’s relocation. In addition, Zepto is in the process of appointing independent board members as part of its public listing preparations.

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