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.
Benchmark yield softens 5 Bps to 6.52%
Lower US yields and expectations of a rate cut by RBI in its monetary policy next week have also weighed on yields, treasury heads at