[[{“value”:”
D2C ecommerce giant Meesho’s board has approved its conversion into a public entity as it readies for an initial public offering (IPO).
As per the startup’s MCA filing accessed by Inc42, board at Meesho passed a special resolution to convert its name from ‘Meesho Private Limited’ to ‘Meesho Limited’ in their extraordinary general meeting on June 5.
The conversion will provide Meesho with increased flexibility in pursuing capital market access and align its corporate structure with regulatory expectations applicable to a company proposing to undertake an IPO, the filing added.
The filing further said that although the board has not yet approved or initiated the IPO process, but the company aims to maintain readiness from a regulatory and compliance perspective to enable such an offering when deemed appropriate.
This comes over a month after the company renamed its parent entity to align corporate and brand identity.
(The story will be updated soon.)
The post Meesho Converts Into Public Entity In Run-Up To IPO appeared first on Inc42 Media.
“}]]
Read More Latest Startup News From The Indian Startup Ecosystem – Inc42 Media