Meesho Likely To Complete Reverse Flipping Process In Few Days: Report

E-commerce unicorn Meesho is reportedly in the final stages of its "reverse flipping" process, which is expected to be completed within a few days. Reverse flipping is the complex corporate restructuring process where a company shifts its domicile from a foreign country back to India. Meesho, which was headquartered in the US, is moving its parent company to India. This move is a critical prerequisite for its planned Initial Public Offering (IPO), as Indian regulations favor domestically domiciled companies for listing on local stock exchanges. The process involves navigating intricate legal and taxation issues in both jurisdictions. By completing this restructuring, Meesho will align its corporate structure with its primary market of operation and clear a major regulatory hurdle on its path to launching an IPO in India, a move it is expected to make in the near future.