Flipkart takes another step towards floating an IPO; when can the shares list?

Flipkart has become one of the country's largest digital commerce platforms and it serves more than 50 crore customers, a number that is bigger than the entire population of the US and Russia combined. This Walmart-owned e-commerce company has completed the process of shifting its holding company's domicile from Singapore back to India, which is necessary for floating an IPO.

Kolkata: Flipkart is one of the largest ecommerce companies in India which has recently completed a step that is essential for floating the IPO which has been in the news for some time. This consisted in conducting a very important step, that of shifting its holding company’s domicile from Singapore back to India. Flipkart is backed by global giant e-commerce company Walmart. “Flipkart has received approval from the Government of India for its internal restructuring, under which Flipkart Internet Private Limited is now the holding........

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