Our firm advised Ribbit Capital on Razorpay's successful reverse flip, shifting its parent company's domicile from the United States to India.
The cross-border group restructuring involved the amalgamation of the US-based holding company into its Indian subsidiary, making Razorpay a leading fintech unicorn, as a fully India-domiciled entity. This marks the first successful reverse flip from the US to India under the fast-track merger mechanism, approved by the Regional Director, Ministry of Corporate Affairs.
INDUSLAW Team:
Winnie Shekhar (Partner), Rashi Bharadwaj (Partner), Ravin Abhyankar (Associate) and Chandresh Goyal (Associate).
Kaushik Mukherjee (Partner) advised on capital markets-related aspects, while Unnati Agrawal (Partner) provided advice on competition law.