Zepto plans to file for an IPO around March-April 2024 after securing approval to move its holding entity to India from Singapore. The National Company Law Tribunal will hear its reverse merger application on January 17. Zepto aims to become the first standalone quick-commerce firm to go public, amidst competition from Zomato-owned Blinkit and Swiggy’s Instamart.
FPI outflows at Rs 1 lakh crore in 2025 so far; Rs 555 crore pulled out in July alone
Foreign Portfolio Investors have exhibited a selling trend in Indian equities, with outflows of Rs 555 crore in July, marking a reversal after three months