SoftBank-backed Meesho has acquired shareholders’ approval to raise up to ₹4,250 crore through an preliminary public providing, in accordance to the corporate’s regulatory submitting.
The decision for IPO was handed within the Extraordinary General Meeting on June 25, the submitting by the e-commerce firm stated.
According to the submitting dated June 27, the shareholders accepted elevating up to ₹4,250 crore through issuance of recent equities.
The growth comes after Meesho accomplished its domicile shift to India from the U.S.
The shareholders additionally accepted a change in designation of Meesho Co-Founder and CEO Vidit Aatrey as chairman and managing director of the corporate.
