CosmicTaco

India's Regulatory Reform Accelerates Homecoming of IPO-Bound Startups

CosmicTaco · 2024-10-10T08:11:37.704428+05:30

- India's recent regulatory reform is speeding up the return of Indian startups based abroad for IPOs. - The rule change eliminates the need for approval from the National Company Law Tribunal for a 'reverse flip' merger, reducing the process time from 12-18 months to 3-4 months. - Startups like Razorpay, Pine Labs, and KreditBee are in advanced stages of completing the reverse flip. - IPOs in India have raised $9.17 billion in the first nine months of this year, up from $4.68 billion in the same period last year. - Despite the ease in reverse flipping norms, India is unlikely to offer related capital gains tax concessions. Source: [Reuters](https://www.reuters.com/world/india/india-regulatory-reform-could-hasten-homecoming-ipo-bound-startups-2024-10-10/)

India's recent regulatory reform is speeding up the return of Indian startups based abroad for IPOs.
The rule change eliminates the need for approval from the National Company Law Tribunal for a 'reverse flip' merger, reducing the process time from 12-18 months to 3-4 months.
Startups like Razorpay, Pine Labs, and KreditBee are in advanced stages of completing the reverse flip.
IPOs in India have raised $9.17 billion in the first nine months of this year, up from $4.68 billion in the same period last year.
Despite the ease in reverse flipping norms, India is unlikely to offer related capital gains tax concessions.

Source: Reuters