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Digital payments firm Razorpay has secured board approval to convert into a public limited company, bringing it a step closer to its planned stock market debut in India.
The development comes as the Bengaluru-based firm begins the process of reverse flipping its parent entity from the United States to India.
“As part of our redomiciling to India, we are initiating the process to become a public company, well before our IPO in around two years, to align with best governance practices and build early readiness,” said a Razorpay spokesperson.
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