Flipkart completes reverse flip to India, clears way for listing plans

• E-commerce giant Flipkart has successfully shifted its domicile from Singapore back to India.
• The move, confirmed by ET, clears the path for the Walmart-owned company's planned listing in India.
• Flipkart received NCLT approval in December and recently secured central government clearance under Press Note 3.
• The reverse flip aligns Flipkart's corporate structure with its core Indian operations and simplifies it for a potential public listing.
• The company is meeting merchant bankers and aims to file its draft prospectus later this year.