Meesho Gets Shareholder Approval to Raise ₹4,250 Crore via IPO After India Domicile Shift:

Meesho Gets Shareholder Approval to Raise ₹4,250 Crore via IPO After India Domicile Shift:

Daily Current Affairs   /   Meesho Gets Shareholder Approval to Raise ₹4,250 Crore via IPO After India Domicile Shift:

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Category : Business and economics Published on: July 01 2025

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E-commerce platform Meesho, backed by SoftBank, secured shareholder approval to raise up to ₹4,250 crore through an IPO. The decision was made during an Extraordinary General Meeting held on June 25. The move follows Meesho’s transition of domicile from the U.S. to India. The IPO will involve fresh equity issuance, and Co-Founder Vidit Aatrey will now serve as Chairman and Managing Director.

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