Delhivery is a step closer to filing IPO, converts to a public entity

Delhivery is a step close to filings the preliminary paperwork for its initial public offering scheduled for this financial year.

The Gurgaon-based startup has already converted itself to a public limited entity, which will allow it to raise capital from the general public.

A private limited entity cannot list in the stock exchange and has to convert into a public limited company even before listing on the stock exchange.

[Via]
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