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Zepto Secures Singapore Approval for Domicile Transfer, Aims for Indian IPO

share-iconSunday, January 05 comment-icon4 weeks ago 6 views
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indiatimesINDIATIMES
Zepto Secures Singapore Approval for Domicile Transfer, Aims for Indian IPO

Credited from: INDIATIMES

  • Zepto, a quick commerce company, is expediting its plans for an initial public offering (IPO) after gaining approval from Singapore for a domicile transfer to India.
  • A crucial hearing on January 17 will discuss its reverse merger application essential for the domicile shift.
  • The upcoming board meeting on January 19 aims to finalize details about the IPO size and appoint necessary bankers.
  • CEO Aadit Palicha emphasized the company's intent to establish trust by focusing on domestic ownership amidst increased scrutiny of foreign firms.
  • The company aspires to raise at least $450 million in the IPO, with investments from major banks like Morgan Stanley and Goldman Sachs.

For further details, visit the original article at Times of India.

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Zepto Ipo Singapore approval Indian company Quick commerce Aadit palicha
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A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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