Cars24 targets April 2027 reverse flip to India before filing IPO papers
Cars24 expects to complete its reverse flip from Singapore to India by April 2027 and then file its DRHP for an IPO. CFO Shivanshu Makkar said the company has Singapore’s approval to redomicile and expects the process to take six to nine months.
TLDR
Cars24 expects to complete its reverse flip from Singapore to India by April 2027 and then file its draft red herring prospectus for an IPO, based on reporting by PTI and Inc42. Cars24 CFO Shivanshu Makkar told PTI the company has received Singapore’s approval to redomicile, is filing the required papers in India and expects the process to take six to nine months.
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