Brands
Manushi Chhillar joins Neworld Developers as brand ambassador
MUMBAI: Neworld Developers, has announced the onboarding of Manushi Chhillar Miss World 2017, actress, and global icon as its official brand ambassador. The announcement comes as the company opens its new corporate headquarters at Sector 66, M3M International Financial Centre, Golf Course Extension Road, Gurugram, a prime real estate and business corridor in the NCR region.
This high-profile association coincides with Neworld Developers’ ambitious Rs 5,000 crore launch plan, targeting key Indian markets including Goa, Ayodhya, and Haryana. The move reinforces the
Chhillar, known for her elegance, intelligence, and aspirational presence, mirrors Neworld Developers’ ethos of offering premium, trustworthy, and life-enhancing real estate solutions to the modern Indian homebuyer.
Neworld Developers founder & chairman Sunil Sisodiya said, “Chhillar brings a global presence and cultural relatability that resonates with our vision of creating world-class spaces for aspirational Indians. As we inaugurate our new office in the heart of Gurugram, we reaffirm our commitment to delivering landmark projects that redefine lifestyle living. Our upcoming launches in Goa, Ayodhya, and Haryana are a testament to our ambition to elevate real estate standards across the country.”
Chhillar said, “I’m honoured to be the face of Neworld Developers, a brand that reflects ambition, trust, and innovation. Real estate is more than just infrastructure, it’s about creating meaningful spaces for people to grow and thrive. I am excited to be part of Neworld’s journey in building such transformative environments.”
The newly launched Gurugram office is set to become the nerve centre for Neworld’s expansion, offering enhanced connectivity, strategic visibility, and cutting-edge infrastructure to support client engagement, corporate operations, and development initiatives.
Brands
Flipkart completes reverse flip to India ahead of IPO
Walmart-owned e-commerce giant shifts domicile from Singapore to Bengaluru
MUMBAI: Flipkart has completed its restructuring to move its parent company from Singapore back to India, marking a key milestone as the Walmart-owned marketplace prepares for a potential initial public offering on Indian stock exchanges, ET reported, citing people aware of the matter.
The move, often referred to as a “reverse flip”, relocates the company’s legal home to India and aligns its corporate structure more closely with its largest market. It also clears an important regulatory step for Flipkart as it explores listing plans.
As part of the restructuring, several Singapore-based entities have been merged into Flipkart Internet Private Limited, which will now serve as the main holding company for the entire group.
The consolidation brings a number of major businesses directly under the Indian parent company. These include fashion platform Myntra, logistics arm Ekart, travel booking platform Cleartrip, healthcare marketplace Flipkart Health, and fintech venture Super.money.
Under the new structure, global investors including Walmart, Microsoft, SoftBank, and the Canada Pension Plan Investment Board will hold their stakes directly in the Indian entity rather than through an overseas holding company.
The redomiciliation required approval from the Indian government because Chinese technology company Tencent owns around a 5 to 6 per cent stake in Flipkart. Under Press Note 3, investments from countries sharing a land border with India require prior government clearance.
Flipkart had already secured approval from the National Company Law Tribunal in December. With the latest clearance from the central government, the company has now obtained all the regulatory approvals needed to complete the relocation, ET reported earlier.
Flipkart had originally shifted its holding structure to Singapore in 2011 to tap global capital more easily. However, as India’s capital markets have matured, several start-ups have begun returning their domiciles to the country ahead of public listings. Companies such as Razorpay, Groww, and Meesho have taken similar steps.
The company is now expected to move ahead with its IPO preparations and has begun early discussions with merchant bankers. According to people familiar with the matter, Flipkart could file its draft prospectus later this year, setting the stage for what may become one of the most closely watched listings in India’s e-commerce sector.
Flipkart has been majority-owned by Walmart since 2018, when the US retail giant acquired a 77 per cent stake in the company for $16 billion in one of the largest e-commerce deals globally.
