NCLT Approves Meesho’s Reverse Flip to India; Merger to Trigger $280–300 Mn US Tax Outgo

The National Company Law Tribunal (NCLT) has approved SoftBank-backed Meesho’s reverse flip, allowing Meesho Inc. (Delaware) to merge into its Indian entity.

This move redomiciles the company to India, consolidating operations and aligning governance with its primary market. The shift is expected to incur a US tax liability of around $280–300 million

Legal advisers played pivotal roles. Khaitan & Co. advised SoftBank Vision Fund on regulatory structuring, merger schemes, transaction documentation, and closing processes, while CMS IndusLaw counselled investors Elevation Capital and Peak XV on strategic inputs and competition law matters.