<p>New Delhi: SoftBank-backed Meesho has received shareholders' approval to raise up to Rs 4,250 crore through an initial public offering, according to the company's regulatory filing.</p>.<p>The resolution for IPO was passed in the Extraordinary General Meeting on June 25, the filing by the e-commerce company said.</p>.<p>According to the filing dated June 27, the shareholders approved raising up to Rs 4,250 crore through issuance of fresh equities.</p>.<p>The development comes after Meesho completed its domicile shift to India from the US.</p>.<p>The shareholders also approved a change in designation of Meesho Co-Founder and CEO Vidit Aatrey as chairman and managing director of the company.</p>
<p>New Delhi: SoftBank-backed Meesho has received shareholders' approval to raise up to Rs 4,250 crore through an initial public offering, according to the company's regulatory filing.</p>.<p>The resolution for IPO was passed in the Extraordinary General Meeting on June 25, the filing by the e-commerce company said.</p>.<p>According to the filing dated June 27, the shareholders approved raising up to Rs 4,250 crore through issuance of fresh equities.</p>.<p>The development comes after Meesho completed its domicile shift to India from the US.</p>.<p>The shareholders also approved a change in designation of Meesho Co-Founder and CEO Vidit Aatrey as chairman and managing director of the company.</p>