Flipkart secures NCLT nod for India domicile shift, eyes 2026 IPO

• Flipkart received NCLT approval to shift its domicile from Singapore to India.
• This move is a key step towards its anticipated initial public offering (IPO) in 2026.
• Government approval is still required due to Chinese tech giant Tencent's 5-6% stake, under Press Note 3 rules.
• The "flip-back" process will establish Flipkart's India entity as the primary holding company for its operations and subsidiaries.
• Flipkart and its subsidiary Myntra have shown improving financials, with reduced losses and increased revenue/profit.

Why It Matters: Flipkart's domicile shift to India is a major step towards its 2026 IPO.